Notification No. 08/2018
Date: January 25, 2018
Subject: Special valuation-based GST rate for old and used motor vehicles.
Description:
This notification provides a concessional GST rate on supply of old and used motor vehicles, calculated only on the margin of the supplier. The rates range from 6% to 9%, subject to conditions that no input tax credit has been availed. It introduces a special valuation mechanism to avoid cascading of tax.
Issued for earlier notification?
No — this is an independent rate notification.
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