Comprehending and handling Goods and Services Tax can be daunting for numerous businesses and individuals. The complexities ...
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 ...
Cars24 co-founder and CEO Vikram Chopra says the focus should be on making used cars a safer, not just taxing them further.
Notably, individuals didn’t have to pay the 18% GST if they are selling an old car to another person. Moreover, this is for ...
To be sure, the revised tax rates will only apply to vehicles bought by businesses and on the value that represents the margin of a supplier (difference between the purchase price and selling price, ...
The GST Councils decision to raise tax rates on used vehicles could alter consumer behaviour and marketplace dynamics in ...
Market experts fear the move to increase GST on sale of used cars from 12 per cent to 18 per cent could push more sales into ...