<ul><li>The government has not imposed any new tax on sale of used vehicles including electric vehicles.</li><li>The single rate of 18% decided by the GST Council for sale of used vehicles was only aimed at removing ambiguity.</li><li>The tax will be applicable on the difference between selling price and purchase price of used vehicle, called margin.</li><li>The transaction will not invite GST if the margin from used vehicle sale is negative.</li></ul>

No New Tax Imposed On Sale Of Used Vehicles Including EVs

Discover more