Confused as how GST hike on used car will work? Here's how a higher GST of 18% will impact individuals and businesses

GST on used car sale: Consumers buying a used car now need to pay more GST. Moreover, if a business is claiming input tax credit then GST needs to be paid on the sale value and not margin. However smaller cars like Renault Kwid may benefit from lower GST of 12% if buying used.

from Tax-Wealth-Economic Times https://ift.tt/uywZGrg