GST rate for second hand two wheelers

1.If his turnover exceeds Rs. 40 lakhs he needs to register. Since he is buying the cars he will register as a trader.

2. I dont think so because for second hand vehicle dealer government has announced that they need to pay tax on margin, however turnover would be the sale price and if one goes under composition scheme then he/she will have to pay tax on output supply and not margin.

3.It shall be the rate depending on the vehicle which can range from 12-28%.

4. It will depend on the engine.

5. Yes on any services which is not mentioned else where GST rate would be 18%.

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Thank you.

GST would be calculated on selling price less purchase price.

GST rate would be 28% which is applicable on new vehicle.

Here generating an invoice would be a task because GST would be applicable on margin and if you show calculation people will come to know what profit one is earning from selling this vehicle.

Hi

1. Registration will be required once turnover crosses 40 lacs or there's an inter-state sale. He needs to register as a trader.

2. Yes, 1% on sale amount.

3. Refer to notification 8/2018 (central tax rate) for rates according to type of vehicle. This rate will be applicable on margin amount.

4. Same as above.

5. Yes.

Refer to the notification provides above. Tax rate would be 12%-18% depending upon type of vehicle.

Hi,

1. Only if turnover crosses the limit of Rs 40 lakh. He needs to register as trader because he is buying the cars .

2. Yes, it would be 1% on sales amount. Otherwise, GST would be calculated on margin amount.

3 & 4. Please Refer to notification 8/2018 (central tax rate) .

5. Yes.

GST shall be 12%-18% depending upon type of vehicle.

Hello,

1. GST registration would be required on crossing he threshold limit or if covered under Mandatory Registration(supplying inter-state)

2. Yes. 1%

3. 12-18%, depends upon the vehicle.

4. The Rate would depend upon the vehicle specification.

5. Yes.

I hope that this answer satisfies your requirements.

Regards,

CA Hunny Badlani

Refer Notification No. 8/2018 (Central Tax Rate)

It will be based on the valuation rules defined for the second hand goods it's not only for cars but for all the vehicles.

The add on service will be charged as independent supply and GST will be charged

1. Trader

2. Yes subject fulfillment of other conditions.

3. 12% & 18%.

4. No. You are liable to pay GST on margin subject to non-availability of ITC.

5. Same at point no.3

6. 18%