Reduced GST rate on old and used medium and large cars and SUVs

GST on old and used medium and large cars and SUVs

 

The GST tariff rate on goods under HSN 87 has been Revised as per GST council meet held on 18th January, 2018.  The details of reduced GST rate on old and used medium and large cars and SUVs is as follows:

 

Latest GST rate on old and used medium and large cars and SUVs

HSN number: 87    

Old and used motor vehicles [medium and large cars and SUVs] on the margin of the supplier, subject to the condition that no input tax credit of central excise duty/value added tax or GST paid on such vehicles has been availed by him.

GST rate before 18th January, 2018: 28%

Revised rate of GST w.e.f 18.01.2018: 18%     

 

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