Gå ubegrenset med Magzter GOLD
Få ubegrenset tilgang til over 9000 magasiner, aviser og premiumhistorier for bare
Prøve GULL - Gratis
No GST on sale of used car at loss
The New Indian Express Kollam
|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.
Denne historien er fra December 25, 2024-utgaven av The New Indian Express Kollam.
Abonner på Magzter GOLD for å få tilgang til tusenvis av kuraterte premiumhistorier og over 9000 magasiner og aviser.
Allerede abonnent? Logg på
FLERE HISTORIER FRA The New Indian Express Kollam
The New Indian Express Kollam
A Rhythm for Reverence
Lavani Ke Rang breaks Lavani away from the popular perception that it is obscene and vulgar, while retaining its sensual spirit
3 mins
October 26, 2025
The New Indian Express Kollam
Looking Backward, Moving Forward
Yesterday, I did something uncharacteristic. Stepping away from the familiar bustle of London, I wandered into Rotherhithe. In the churchyard of St. Mary’s, I encountered a statue that made me stop in awe.
2 mins
October 26, 2025
The New Indian Express Kollam
Print media ad rates may go up by 27%, notification after Bihar polls
'Television rating system will also be improved'
2 mins
October 26, 2025
The New Indian Express Kollam
'Tirupati-model admn required in Sabarimala'
THE recent controversy over the missing gold at Sabarimala temple has revealed the systemic flaws in the functioning of the Travancore Devaswom Board (TDB). While the board members change every two years, the absence of a top-level professional management is posing a challenge to efficient administration of temples and other institutions, said former chief secretary K Jayakumar, who served in various capacities with the board and Sabarimala.
1 mins
October 26, 2025
The New Indian Express Kollam
THE DIPLOMATIC DANCE OF AVOIDANCE
N the glittering corridors of Kuala Lumpur’s convention centres, where Southeast Asia’s leaders will converge to chart a multipolar future, an empty chair will speak volumes. Prime Minister Narendra Modi—the indefatigable globetrotter who has crisscrossed continents to etch India’s imprint on the world—will address the 47th ASEAN Summit and the 22nd ASEAN-India Summit virtually.
4 mins
October 26, 2025
The New Indian Express Kollam
13 foreign nationals among 20 held as cops raid Gujarat rave party
POLICE raided a farmhouse on the outskirts of Ahmedabad city and arrested 20 people, including 13 African nationals, for allegedly consuming liquor during a late-night party.
1 mins
October 26, 2025
The New Indian Express Kollam
His Second Shot
Nishil Sheth reflects on his inspiring journey from working in independent cinema to making his OTT debut with 13th
2 mins
October 26, 2025
The New Indian Express Kollam
'We All Belong to the Same Roots'
Filmmaker Rishab Shetty speaks to Shama Bhagat about the grand prequel, Kantara Chapter 1, and what it's like to wear many creative hats
3 mins
October 26, 2025
The New Indian Express Kollam
The Loner Who Walks the World
In the delicate dance of light and shadow, artist Shibu Natesan captures the world not through a lens, but through his brush
2 mins
October 26, 2025
The New Indian Express Kollam
The Silent Speakeasy Syndrome
Behind ordinary doors, there might be an extraordinary mystery—and a drink—but only if you know where and how to look
2 mins
October 26, 2025
Listen
Translate
Change font size