If an individual sells old and used car to another individual, GST would not be applicable. Sources said where the registered person has claimed depreciation under Section 32 of the Income Tax Act ...

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 55th meeting of the GST Council, at its meeting in Jaisalmer, Rajasthan on Saturday, recommended an increase in the GST ...

A standard 18 per cent GST is applied to the sale of used vehicles, including electric vehicles (EVs) and SUVs. Who is affected by the 18% GST on used cars? The hike in GST on old cars from 12 per ...

NEW DELHI, Dec 24: 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 ...

The recommendation of the 55th GST Council meeting pertaining to 18% single rate on sale of old and used vehicles has come under major scrutiny. Trigger-happy social media users have pounced to an ...

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% ...

Machinery Pete details two record-setting auction transactions on a 2014 New Holland TV6070 bi-directional tractor and a 2022 ...

The GST Council in its meeting last week decided to prescribe a single rate of 18% on sale of all old and used vehicles including EVs, earlier leviable at different rates.

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 55th GST Council meeting announced significant changes, including GST rate reductions on FRK, gene therapy exemptions, ...