Prøve GULL - Gratis
No GST on sale of used car at loss
The New Indian Express Tirunelveli
|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 Tirunelveli.
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 Tirunelveli
The New Indian Express Tirunelveli
Edappadi accuses Stalin of 'selective sympathy' to reap political gains
AIADMK general secretary Edappadi K Palaniswami on Friday accused Chief Minister MK Stalin of playing politics over the Karur tragedy, stating that he (CM) did not bother to comfort the victims of the Kallakurichi hooch tragedy last year, but visited Karur victims overnight only because of the upcoming Assembly elections.
1 mins
October 04, 2025
The New Indian Express Tirunelveli
'No provisions': Pilots can't be in AI Ahmedabad crash probe committee
THE Aircraft Accident Investigation Bureau (AAIB) has informed a leading pilot body, the Airline Pilots' Association of India (ALPA INDIA), that it would not be possible to include pilots in the ongoing final probe into the AI 171 crash at Ahmedabad.
1 mins
October 04, 2025
The New Indian Express Tirunelveli
OBC minister in Gujarat cabinet named state BJP chief ahead of local polls
THE suspense over the Gujarat BJP's leadership has ended.
1 min
October 04, 2025
The New Indian Express Tirunelveli
12 deaths & counting in MP, Raj; cough syrups under lens
CHILDREN aged below five years, who were prescribed a combination of medicines, including two common cough syrups, by doctors in Madhya Pradesh's Chhindwara district, and Rajasthan, continue to die following kidney failure.
2 mins
October 04, 2025
The New Indian Express Tirunelveli
REGULAR TRAINING CAN STEM ROT IN JUDICIARY
N an exemplary intervention, the Supreme Court recently directed two judicial officers in Delhi to undergo a week-long training, flagging serious lapses on their part in granting bail in a fraud case.
1 mins
October 04, 2025
The New Indian Express Tirunelveli
Wangchuk's wife moves SC seeking husband's release
CLIMATE activist and Ladakh statehood crusader Sonam Wangchuk's wife, Dr. Gitanjali J. Angmo, has moved the Supreme Court seeking his immediate release from Jodhpur Central Jail, where he is being held under the National Security Act (NSA).
1 min
October 04, 2025
The New Indian Express Tirunelveli
Rivers swell in Chamoli in post-monsoon deluge
POST-monsoon rains lashing Uttarakhand's Chamoli district have led to a significant rise in the Alaknanda and Pindar rivers at Karnaprayag, causing widespread waterlogging and disruption.
1 mins
October 04, 2025
The New Indian Express Tirunelveli
TILLY TELLS TALES FROM NEAR FUTURE
TWO giant strides in the artificial intelligence industry one achieved, another threatened-are rekindling existential anxieties.
3 mins
October 04, 2025
The New Indian Express Tirunelveli
Scrapped comps to be donated to govt schools
THE Centre has found a way to reduce the stash of old computers and laptops in government offices, as the usable machines declared scrapped will be donated to state-run schools and other educational institutions.
1 mins
October 04, 2025
The New Indian Express Tirunelveli
Coop society in every panchayat by '29, says Shah
UNION Home and Cooperation Minister Amit Shah on Friday said that by 2029, every panchayat in the country will have a cooperative society.
1 min
October 04, 2025
Listen
Translate
Change font size