Compensation cess rate on old and used motors vehicles
The Compensation cess rate on goods under HSN 87 has been Revised as per GST council meet held on 18th January, 2018. The details of revised Compensation cess rate on old and used motors vehicles is as follows:
Latest Compensation cess rate on old and used motors vehicles
HSN number: 87
All types of old and used motors vehicles [other than medium and large cars and SUVs] on the margin rate of the supplier of subject to the conditions that no input tax credit of central excise duty /value added tax or GST paid on such vehicles has been availed by him.
Old and used motor vehicles [medium and large cars and SUVs], on the margin rate of the supplier, subject to the condition that no input tax credit of central excise duty/value added tax or GST paid on such vehicles has been availed by him.
Compensation cess rate before 18th January, 2018: Applicable
Revised Compensation cess rate w.e.f 18.01.2018: Nil
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