Revised GST rate on old and used motors vehicles
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 diminished GST rate on old and used motors vehicles is as follows:
Latest GST rate on old and used motors vehicles
HSN number: 87
All types of old and used motors vehicles [other than medium and large cars and SUVs] on the margin of the supplier of subject to the conditions 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: 12%
The above information is about diminished GST rate on old and used motors vehicles. If you would like to add more information about diminished GST rates on old and used motors vehicles, share below your thoughts:
Click here to know GST rate of your goods or service
Learn Exports Imports Free, Click here
Indian GST Laws
Is amendment of GST registration allowed in India?
Cancellation of GST registration in India
What are the risks and solutions in Export Business?
LC advantage exporter
LC advantage importer
TDS under GST, Frequently Asked Questions
Does Interest attract on GST Tax payment delay?
Mechanism of Payment of GST tax in India
UTGST Act 2017
IGST Act 2017
CGST Act 2017
GST for Services in India