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Tobacco, Liquor, Fancy Cars: What Will Cost More As Centre Plans GST Revision
Cigarettes, carbonated drinks, and high-end cars are among items that may become more expensive if a proposal to replace the expiring compensation cess - in the Goods and Services Tax system - with cesses on health and clean energy.
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3 Of Family Killed As Speeding Lorry Rams Car In Tamil Nadu
Three members of a family, including a one-year-old child, were killed in a tragic road accident on GST Road near Singaperumal Koil in Chennai on Tuesday.
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GST At 18% On Sale Of Used Cars Only If Seller Earns A Margin: Report
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 vehicle, sources said.
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Debunked: Increased Tax On Used Small Cars, EVs To Not Impact Individuals
In a recent development, the GST Council of India has increased the GST on small used cars and EVs from 12 to 18%. Here's how it will affect buyers.
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GST Council Increases Tax On Used EV Car Sale By Business
The goods and services tax council on Saturday decided to levy an 18 per cent GST on margin value on the sale of used electric vehicles by businesses and agreed to keep jet fuel (ATF) out of the 'one-nation-one-tax' regime.
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GST & Subsidies On Electric Vehicles in India
By offering subsidies, incentives, and advantages to customers and the EV sector as a whole, the Indian government has sown the seed for electric vehicles.
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Union Budget 2022: Here's What FADA Expects For The Used Car And Bike Segment
FADA has given its recommendations to the Ministry Of Finance, to assist the automotive industry, as well as provide relief in the used-vehicle space.
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Union Budget 2022: Here's What The Indian Automotive Industry Is Expecting
Finance Minister, Nirmala Sitharaman will be announcing the union budget for FY2023 on February 1, 2022, and like all other industries, the auto sector is also eagerly waiting to see what is in store for them.
-
Acknowledge the Impact of GST on Cars
Considering the automobile business to be one of the leading businesses in any given country, it has affected India. The price of the car increased by a huge amount, but the method of implication made it quite different too.
-
India Revenue Secretary Says Open To 'Tinkering' Tax Rates On Automobiles
India is open to discussing a change in tax rates on automobiles, the country's revenue secretary said on Wednesday, indicating receptiveness over negotiation on a long-standing request from automakers for lower taxes.
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Car On Discount Promise Used To Dupe Hundreds, 7 Arrested: Delhi Police
The Delhi Police has busted a fake call centre running in Rohini and arrested seven people for allegedly duping hundreds by obtaining their bank account details on the promise of providing them with an SUV by paying just 1 per cent GST of its cost.
-
Maruti Suzuki Announces Price Cut On Eeco Ambulance As Government Reduces GST
With GST rate on Ambulance lowered to 12 per cent from 28 per cent, Maruti Suzuki India has decided to reduce prices of the Eeco Ambulance. It is now priced at Rs. 6.16 lakh (ex-showroom, Delhi).
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Maruti Suzuki Says No Urgent Need To Cut GST On Cars: Report
Maruti Suzuki India Ltd, India's biggest carmaker, said on Thursday there was no immediate need for the government to cut taxes (GST) on cars to boost sales even as it warned of uncertainty in demand after December.
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New Rules To Incorporate Ownership Details Of Differently-Abled In Vehicle Registration Documents
The amendment notified by the Road, Transport and Highways ministry will help the physically challenged citizens properly avail various benefits and financial incentives available while purchasing a new vehicle.
-
Tata Motors Feels Government's Support In GST Cut Will Help PV Industry: Report
The home-grown automaker, Tata Motors has recently stated that any kind of support from the Government of India towards GST reduction would help the passenger vehicle segment immensely.
-
Tobacco, Liquor, Fancy Cars: What Will Cost More As Centre Plans GST Revision
Cigarettes, carbonated drinks, and high-end cars are among items that may become more expensive if a proposal to replace the expiring compensation cess - in the Goods and Services Tax system - with cesses on health and clean energy.
-
3 Of Family Killed As Speeding Lorry Rams Car In Tamil Nadu
Three members of a family, including a one-year-old child, were killed in a tragic road accident on GST Road near Singaperumal Koil in Chennai on Tuesday.
-
GST At 18% On Sale Of Used Cars Only If Seller Earns A Margin: Report
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 vehicle, sources said.
-
Debunked: Increased Tax On Used Small Cars, EVs To Not Impact Individuals
In a recent development, the GST Council of India has increased the GST on small used cars and EVs from 12 to 18%. Here's how it will affect buyers.
-
GST Council Increases Tax On Used EV Car Sale By Business
The goods and services tax council on Saturday decided to levy an 18 per cent GST on margin value on the sale of used electric vehicles by businesses and agreed to keep jet fuel (ATF) out of the 'one-nation-one-tax' regime.
-
GST & Subsidies On Electric Vehicles in India
By offering subsidies, incentives, and advantages to customers and the EV sector as a whole, the Indian government has sown the seed for electric vehicles.
-
Union Budget 2022: Here's What FADA Expects For The Used Car And Bike Segment
FADA has given its recommendations to the Ministry Of Finance, to assist the automotive industry, as well as provide relief in the used-vehicle space.
-
Union Budget 2022: Here's What The Indian Automotive Industry Is Expecting
Finance Minister, Nirmala Sitharaman will be announcing the union budget for FY2023 on February 1, 2022, and like all other industries, the auto sector is also eagerly waiting to see what is in store for them.
-
Acknowledge the Impact of GST on Cars
Considering the automobile business to be one of the leading businesses in any given country, it has affected India. The price of the car increased by a huge amount, but the method of implication made it quite different too.
-
India Revenue Secretary Says Open To 'Tinkering' Tax Rates On Automobiles
India is open to discussing a change in tax rates on automobiles, the country's revenue secretary said on Wednesday, indicating receptiveness over negotiation on a long-standing request from automakers for lower taxes.
-
Car On Discount Promise Used To Dupe Hundreds, 7 Arrested: Delhi Police
The Delhi Police has busted a fake call centre running in Rohini and arrested seven people for allegedly duping hundreds by obtaining their bank account details on the promise of providing them with an SUV by paying just 1 per cent GST of its cost.
-
Maruti Suzuki Announces Price Cut On Eeco Ambulance As Government Reduces GST
With GST rate on Ambulance lowered to 12 per cent from 28 per cent, Maruti Suzuki India has decided to reduce prices of the Eeco Ambulance. It is now priced at Rs. 6.16 lakh (ex-showroom, Delhi).
-
Maruti Suzuki Says No Urgent Need To Cut GST On Cars: Report
Maruti Suzuki India Ltd, India's biggest carmaker, said on Thursday there was no immediate need for the government to cut taxes (GST) on cars to boost sales even as it warned of uncertainty in demand after December.
-
New Rules To Incorporate Ownership Details Of Differently-Abled In Vehicle Registration Documents
The amendment notified by the Road, Transport and Highways ministry will help the physically challenged citizens properly avail various benefits and financial incentives available while purchasing a new vehicle.
-
Tata Motors Feels Government's Support In GST Cut Will Help PV Industry: Report
The home-grown automaker, Tata Motors has recently stated that any kind of support from the Government of India towards GST reduction would help the passenger vehicle segment immensely.
