Dear Friends

Notification No 37/2017 central tax rate provides some GST benefits for sale of motor vehicles i.e.

For Unregistered Persons:-

If you have purchased vehicles before 1st July 2017 and supplied on lease before 1st July 2017

For Registered Persons

Supplier is a registered person and

Such supplier has purchased  vehicle before 1st July 2017 and has not taken any input tax credit of central excise duty, value added tax or any other taxes paid on such vehicles.

Then such

unregistered persons satisfying conditions or

registered persons satisfying conditions

are required to discharge central tax liability only to the tune of 65% only

i.e. if CGST Rate is 14% they need to pay CGST @(14%*65% =9.1%)

Such benefit is available only if vehicle is sold upto July 2020  

Please download Notification from following PDF Image

Thanks

CA Rahul Gupta