What is the GST rate on sale of used bikes?

If the seller is a registered GST dealer or a dealer in second-hand goods, then GST is applicable on the margin of profit earned on the sale of the used bike. The applicable GST rate is 18% on the margin of profit.

Margin of profit is calculated as the difference between the sale price of the used bike and the purchase price of the bike by the dealer.

It's worth noting that GST rates and rules are subject to change, so it's always advisable to confirm the current rates and rules with a qualified professional or the official GST website.

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