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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 ...
Simplification measures are in place to streamline the process. New Delhi: GST is not applicable on the sale of old vehicles if an individual sells an old and used car to another individual, sources ...
A registered person will have to pay GST on sale of old and used vehicle only if the seller has earned a margin, which is the selling price is higher than the depreciation adjusted cost price of the ...
The following FAQs provide clarity on the Goods and Services Tax (GST) applicable to the sale of old and used vehicles, including electric vehicles (EVs). The GST Council has recommended a unified 18% ...
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 ...