The GST Council has recommended increasing the GST rate to 18% from 12% on the sale of all old and used vehicles, including EVs, except for specified petrol vehicles, diesel vehicles, and SUVs.
This recommendation aims to unify and prescribe a single rate of GST on the sale of all old and used vehicles, including EVs.
There is no new tax implemented for the sale of old and used vehicles.
Only registered persons, such as businesses involved in the purchase and selling of old and used vehicles, are liable to pay GST.