18% GST on Sale of Old Cars, Including EVs, ONLY for Registered Businesses

The GST Council has announced an 18% GST on the sale of old vehicles, including electric vehicles (EVs), but this tax applies only to registered businesses. The GST is calculated on the margin, i.e. the difference between the selling price and the vehicle’s depreciated value. However, private sales of used cars between individuals are exempt from GST. This measure aims to streamline taxation on the sale of used vehicles in India.

#GST #UsedVehicles #Second Hand Cars #ElectricVehicles #BusinessTax #GSTExplained #18PercentGST #IndiaTaxReforms


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