| Sep-30-2021

GST Rate

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  • CA VenkataramaniVandana Rathi
    Participant

    1.What is the GST rate to be taken in case of used bikes under margin scheme?

    CA VenkataramaniCA Venkataramani
    Compliance Expert

    Comment: The rate of GST applicable on supply of used motorcycles (bikes) classifiable under HSN 8711 is 12% (CGST 6% and SGST 6%) in terms of Notification No. 08/2018 – Central Tax (Rate) dated 25.01.2018. In case of motorcycles of engine capacity exceeding 350 cc, additionally compensation cess is applicable at 6% (CGST 3% and SGST 3%) in terms of Notification No. 01/2017 – Compensation Cess (Rate) dated 28.06.2017.

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