Key requirements
A business that is not a vehicle dealer uses the Discounted Sale Price Scheme for a used business vehicle, even for an occasional sale. GST is calculated on 50% of the GST-exclusive selling price, while the full pre-tax selling price remains the standard-rated supply value in Box 1. With an inclusive price, the tax fraction is 9/209: S$52,250 includes S$2,250 GST, leaving S$50,000 as supply value. This differs from applying 9/109 to the whole price. Dealers charge GST on new-vehicle selling prices excluding specified regulatory charges such as COE. For used vehicles, a dealer may use the Gross Margin Scheme only if its conditions are met; otherwise the discounted-price scheme applies. Purchase or running-cost input restrictions do not remove the sales obligation.
Official source
A concise, independent Apex Gateway guide based on the official English source, not a reproduction of the complete document. Consult the original for full conditions, exceptions and subsequent updates.
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