Understanding GST on used cars: Rules, examples, and exemptions

The GST Council clarified rules for old vehicle sales, setting an 18 per cent tax on seller margins, exempting private sales and negative margins, and simplifying taxation for used and electric vehicles, ensuring fair application of GST across transactions. The Goods and Services Tax (GST) Council, in its 55th meeting, clarified taxation rules for the sale of old and used vehicles, including elect…