Required tax rate and hsn code

HSN Code - 8704

Rate - 28%

Three wheeled vehicles are liable to 0% tax under 8703 HSN.

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Hi,

HSN code- 8703

GST rate -28%

Hello,

Taxable at 28% HSN - 8704.

I hope that this answer satisfies your requirements.

Regards,

CA Hunny Badlani

Hi

Please refer to Notification 8/2018-Central Tax (Rate) for rate of tax by classification of your vehicle.

GST shall be levied on the margin amount i.e. sales value less  [WDV in case of depreciable asset/ cost in case of non depreciable asset].