Chartered Online Celebrates 1,00,000 Plus Subscribers

20 January, 2018

Print to PDF

GST Rate for Old/ Used Motor Vehicles & Old Public Transport Reduced from 28% to 18%

Rate for Old/ Used Motor Vehicles & Old Public Transport Reduced from 28% to 18%/12%

The 25th GST Council meeting was held at New Delhi on 18.01.2018.  The said meeting was chaired by Shri Arun Jetley, the Hon’ble Finance Minister.  The decisions relating to-
  • exemptions;
  • changes in GST rates;
  • ITC eligibility criteria;
  • Rationalization of rates;
were taken by the Council in the said meeting.  However the said decisions will be given effect to through Gazette Notifications/circulars which shall have the force of law.
Rate Reduced from 28% to 18%


  • Old and used motor vehicles (medium and large cars and SUVs) on the margin of the supplier, subject to the condition that no input tax credit of central excise duty/VAT or GST paid on such vehicles has been availed by him;
  • Buses, for use in public transport, which exclusively run on bio-fuels.
From 28%  to 12%

The Council recommended the reduction of GST rate from 28% to 12% to the following goods-
  • All types of old and used motor vehicles (other than medium and large cars and SUVs)on the margin of the supplier of subject to the conditions that no input tax credit of central excise duty/VAT or GST paid on such vehicles has been availed by him.

0 Comments:

Post a Comment