18% GST: Second-Hand Cars No Longer Affordable? Will Impact Pre-Owned Car Market
GST Council Hikes Tax on Used Cars to 18%: What It Means for the Pre-Owned Car Market The Goods and Services Tax (GST) Council’s recent decision to raise the tax rate on used cars from 12% to 18% has sent ripples through the pre-owned car industry, sparking concerns among industry leaders and stakeholders. Announced on…