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HinduBusinessLine

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GST on sale of used and old EVs: The fineprint

  • 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.

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