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An increased 18% GST rate on the margin value of the used car sales has been recommended by the GST Council for petrol vehicles (1200 cc or more), diesel vehicles that are 1500 cc or more, and all ...
The GST Council has raised the GST rate on used cars from 12% to 18%, including EVs, sold by businesses. This rate applies to the profit margin from resale. Private car sellers remain unaffected ...
The aircraft had diverted from an area of Russia in which Moscow has used air defence systems against Ukrainian drone strikes in recent months. Mobile phone footage circulating online appeared to ...
Before delving into the details of the GST on used cars, let's clarify a few key concepts: Applicability of GST on the Sale of Old Cars The applicability of GST (Goods and Services Tax) on the sale of ...
Flight J2-8243 crashed on Wednesday in a ball of fire near the city of Aktau in Kazakhstan after diverting from an area of southern Russia where Moscow has repeatedly used air defence systems ...
Azerbaijan Airlines Flight J2-8243 came down on Wednesday near the city of Aktau in Kazakhstan after diverting from an area of southern Russia in which Moscow has used air defense systems against ...
Only “registered persons” — mainly businesses involved in purchase and sale of used vehicles — are liable to pay Goods and Services Tax (GST) on sale of old and used vehicles, and that too only if a ...
After the public backlash over the increased tax on caramelised popcorn, the 18 per cent Goods and Services Tax (GST) on selling old vehicles has now caught the public's attention, sparking ...
Five big bangs that shook the corporate world in 2024 If an individual sells old and used car to another individual, GST would not be applicable. Sources said where the registered person has claimed ...
The GST Council on July 21 recommended bringing sale of old and used electric vehicles (EVs) and smaller petrol and diesel cars on a par with other vehicles. There have been a lot of doubts and ...