https://www.taxtmi.com/article/detailed?id=13683 A uniform higher GST rate applies to supply of all old and used vehicles, including electric vehicles, effective 16.01.2025, but only when supplied by registered persons in the ordinary course of business. Tax is payable only on the seller's positive margin-the difference between selling price and purchase price, with depreciation adjustments where claimed-and negative margins are ignored; valuation rules for dealers in second hand goods continue to govern the margin based tax. en-us Sat, 01 Mar 2025 08:26:35 +0530 Sat, 01 Mar 2025 08:26:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=13683 A uniform higher GST rate applies to supply of all old and used vehicles, including electric vehicles, effective 16.01.2025, but only when supplied by registered persons in the ordinary course of business. Tax is payable only on the seller's positive margin-the difference between selling price and purchase price, with depreciation adjustments where claimed-and negative margins are ignored; valuation rules for dealers in second hand goods continue to govern the margin based tax. Articles Goods and Services Tax - GST Sat, 01 Mar 2025 08:26:35 +0530 https://www.taxtmi.com/article/detailed?id=13683