GST on selling old cars: How does 18% tax on used vehicles affect you? Explained
The 18 per cent GST would not be applicable if an individual sells old and used car to another individual. If a GST registered person has claimed depreciation, the tax is payable only on the value ...
Entrepreneur2 年
Business Permits
Contact the entity that governs taxes in your state and apply for your resale tax or wholesale permit. You'll have to provide documentation that proves you're a retailer--make sure to ask what's ...
来自MSN20 天
Tax hike on used small car sales: Is the 'margin between original and resale price ...
According to her, the tax on used cars is based on the margin between the original purchase price and the resale price. This means GST is calculated not on the resale price itself, but on the ...
Entrepreneur8 年
Permits
Contact the entity that governs taxes in your state and apply for your resale tax or wholesale permit. You'll have to provide documentation that proves you're a retailer--make sure to ask what's ...
The Logical Indian19 天
GST Council’s New 18% Tax on Used Electric Vehicle Resales: Are You Affected?
The recent GST hike on used electric vehicles has left many confused about its implications for sellers.