GST Rate on Used Vehicles: Simplified 18% Tax Policy Boosts Growth

GST Rate on Used Vehicles: 18% Simplified! Discover how the new tax rule transforms the used vehicle market.

Say goodbye to confusing rates! A uniform 18% GST now applies to all used vehicles sold by registered dealers.

[{"selector":"#anim-3a957117-63d1-4696-9db6-fc97d0338e7f [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(3.588240815588506e-13%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

GST is only charged on the profit margin: Selling Price - Purchase Price = Margin. 18% GST applies to this margin!

[{"selector":"#anim-ab18f060-1106-4fe8-b4d0-db68b3c6cb9d [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(0.24038431344519617%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}]

Dealers enjoy simplified tax compliance, reduced paperwork, and consistent rates across all vehicles, including EVs.

[{"selector":"#anim-04fec43b-0f04-4669-862b-c400c0a4ccec [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(3.588240815588506e-13%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

The used vehicle market is set to grow, with increased clarity and fairness attracting more buyers and sellers!

[{"selector":"#anim-9fb2c9fd-1699-43f7-9e4f-74f0220dee38 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(3.588240815588506e-13%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]