GST slab rate on sale or purchase of Motor cars and other motor vehicles.

GST amount of rate on purchase or sale of Motor cars and other motor vehicles

 

How much GST tax payable on Motor cars and other motor vehicles ? Present Indian GST charges on Motor cars and other motor vehicles? Goods and Service Tax rate for Motor cars and other motor vehicles ?

GST amount of rate on purchase or sale of Motor cars and other motor vehicles,


Here let us discuss about GST rate tariff on Motor cars and other motor vehicles.


GST Council decide 4 main GST Rates Slabs for India. Now GST Rates are finalised i.e GST Rates in India is 5%, 12%, 18% & 28%. Commonly used Goods and Services at 5%, Standard Goods and Services fall under 1st slab at 12%, Standard Goods and Services fall under 2nd Slab at 18% and Special category of Goods and Services including luxury - 28%. The most essential goods and services attract nil rate of GST under Exempted Categories. Luxury goods and services and certain specific goods and services attract additional cess than 28% GST.


The rate of GST on Motor cars and other motor vehicles principally designed for the transport of persons (other than those of heading 8702), including station wagons and racing cars [other than Cars for physically handicapped persons].fixed by GST council at the introduction of GST in July, 2017 is 28%



Motor cars and other motor vehicles falls under GST HSN code number 8703

 


This details about GST rate tariff on Motor cars and other motor vehiclesis only for information. The validity of above information and amendments about GST rate on Motor cars and other motor vehicles may be verified before any business dealing.


Do you wish to add more information about GST rate tariff on Motor cars and other motor vehicles ? Share your views about GST impact on Motor cars and other motor vehicles business industry.

 

 
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