Used car GST hike explained: No worries for individual sellers
The GST Council has raised the GST rate on used cars from 12% to 18%, including EVs, sold by businesses. This rate applies to the profit margin from resale. Private car sellers remain unaffected, as the change targets only business and dealer transactions.
The GST Council has raised the GST rate on used cars from 12% to 18%, including EVs, sold by businesses. This rate applies to the profit margin from resale. Private car sellers remain unaffected, as the change targets only business and dealer transactions.
