कोशिश गोल्ड - मुक्त
No GST on sale of used car at loss
The New Indian Express Kannur
|December 25, 2024
As per sources, GST is payable only on the value representing the margin of the seller
EVEN as the social media is abuzz with memes and outrage over GST on sale of used cars, government sources said unlike the popular perception, GST would not be levied if the margin of sale is negative.
The government had earlier clarified that no GST would be levied if the transaction is between two unregistered persons. It has also been clarified that no new tax has been levied, and that the rate has been increased from 12% to 18% on some passenger vehicles.
As per the sources, GST is payable only on the value representing the margin of the seller -- the difference between sale amount and the depreciated value of a passenger vehicle.
यह कहानी The New Indian Express Kannur के December 25, 2024 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
क्या आप पहले से ही ग्राहक हैं? साइन इन करें
The New Indian Express Kannur से और कहानियाँ
The New Indian Express Kannur
INDUCED RAIN LEAVES A CLOUD OF QUESTIONS
N a region where agriculture, commerce, and culture have been shaped by monsoon rains for millennia, artificially induced precipitation is bound to be seen as a spectacle just short of a miracle.
1 mins
November 01, 2025
The New Indian Express Kannur
PM to inaugurate C’garh Assembly building, unveil projects worth ₹14,260 cr
PRIME Minister Narendra Modi will participate in Chhatisgarh Rajat Mahotsav on Saturday marking 25 years of the state’s formation and inaugurate or lay the foundation stones for development projects worth ₹14,260 crore across key sectors, such as roads, industry, healthcare, and energy.
1 min
November 01, 2025
The New Indian Express Kannur
WHY NERDS ARE HERDING TO PUBS
ALL cats die. Socrates is dead. Therefore Socrates is a cat,\" said the Logician in Eugène Ionesco's play Rhinoceros.
4 mins
November 01, 2025
The New Indian Express Kannur
THE 65-YEAR-OLD WHO RECLAIMED HIS LIFE WITH GOVERNMENT AID
The life of Unnikrishnan, a 65-year-old from Thirunavaya, Malappuram in Kerala is nothing short of a family drama movie. One day, he was an expatriate; from there, he fell into neck deep destitution.
2 mins
November 01, 2025
The New Indian Express Kannur
City Union Bank receives $50 million from IFC to support MSME solutions
CITY Union Bank on Friday announced that it has secured $50 million commitment from International Finance Corporation (IFC), a member of World Bank Group.
1 min
November 01, 2025
The New Indian Express Kannur
A LIFELINE AND A REUNION
Kerala government's Extreme Poverty Eradication Programme Uplifts a Blind Couple
2 mins
November 01, 2025
The New Indian Express Kannur
EC seeks report on killing of PK party supporter as Mokama remains tense
THE Election Commission of India (ECI) has sought a detailed report on the killing of a Jan Suraaj Party supporter in Mokama assembly constituency of Patna district, directing Bihar DGP Vinay Kumar to submit an action taken report at the earliest.
1 min
November 01, 2025
The New Indian Express Kannur
Let them (chief secys) come: SC in stray dogs case
THE Supreme Court on Friday ruled that chief secretaries must appear in person before the court on November 3 in connection with the stray dogs menace case.
2 mins
November 01, 2025
The New Indian Express Kannur
Gujarat Cong to launch farmer march in Nov
GUJARAT Congress president Amit Chavda on Friday announced a week-long farmers’ foot march, ‘Khedut Aakrosh Yatra’, from November 6 to 13, which will be taken out from Somnath to Dwarka.
1 min
November 01, 2025
The New Indian Express Kannur
IMD predicts warmer Nov, no harsh winter
NOVEMBER is likely to be relatively warmer and wetter than usual in most parts of the country, according to the India Meteorological Department.
2 mins
November 01, 2025
Listen
Translate
Change font size