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'Long Overdue But...': Opposition's '1 Nation, 9 Taxes' Jab Over GST Overhaul
The Goods and Services Tax Council's rationalisation of tax slabs - reducing four brackets to two while exempting several 'daily use' items, including premiums on health and life insurance - has been received with scepticism by the Congress.
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Cigarettes, Cold Drinks, Big Cars And Bikes: 40% GST For Sin, Super Luxury Items
The GST Council, chaired by Finance Minister Nirmala Sitharaman, cut the current four slabs down to two - scrapping the 12 per cent and 28 per cent rates, while retaining the 5 per cent and 18 per cent slabs.
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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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How GST Impacted Automobile Prices In India
Introduction of GST impacted prices of many things people use in their daily lives including automobile prices.
-
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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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.
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New Quadricycle Vehicle Category Approved By Indian Government
A new category of small vehicles - Quadricycles, has been approved by the Indian government and in particular the Ministry Of Road Transport and Highways. This new category, which will mainly be used to classify small four wheeled personal vehicles (or commercial vehicles) will have to pass a list of emissions, crash and other norms which will be l...
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GST On Electric Car Batteries Could Come Down Drastically
The Ministry Of Road Transport has brought about a whole range of proposals to increase the adoption of electric vehicles in India. These include the proposal of scrapping permits to run commercial electric vehicles, allowing youth between the ages of 16-18 to ride electric scooters without a license and preferential parking for electric cars in ce...
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GST Rates: Used Cars To Get Cheaper As Latest GST Council Meeting Slashes Rates
Ahead of the Budget 2018, the most recent GST Council meeting was held in Delhi this week headed by Finance Minister Arun Jaitley. The council made a number of revisions to the tax rate on 20 items including used vehicles. Under the revised decision, the new GST rates on used vehicles has been reduced, while cess was removed across several categori...
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GST Council Cuts Rates On Used Cars, Diamonds. Full List Here
The GST Council also considered simplification of the return filing process during the meeting.
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Auto Industry Seeks Two GST Rates For Passenger Vehicles
Currently, under the Goods and Services Tax (GST) regime, small petrol cars with engine capacity less than 1200cc attract 1 per cent cess, while diesel cars with engine capacity of less than 1500cc attract 3 per cent cess, on top of the 28 per cent tax.
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GST Cess: Diesel Maruti Suzuki Ciaz, Ertiga Prices Not Affected
The Ciaz diesel features a technology called SHVS or Smart Hybrid Vehicle System that classifies the sedan as a hybrid car and not just standard internal combustion engine automobile. All hybrid cars are classified at 43 per cent total GST which includes 28 per cent GST and 15 per cent cess that was originally levied on cars when the new tax struct...
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GST Cess: Maruti Suzuki Ciaz Petrol And S-Cross To Become More Expensive
The prices for the Maruti Suzuki Ciaz petrol and Maruti Suzuki S-Cross will be increased soon due to the GST council recently announcing that different segments of cars will be taxed differently under the new GST rates as per body style. After originally pegging the GST rate for cars above 4 meters to a standard 43 per cent which included a 28 per ...
-
'Long Overdue But...': Opposition's '1 Nation, 9 Taxes' Jab Over GST Overhaul
The Goods and Services Tax Council's rationalisation of tax slabs - reducing four brackets to two while exempting several 'daily use' items, including premiums on health and life insurance - has been received with scepticism by the Congress.
-
Cigarettes, Cold Drinks, Big Cars And Bikes: 40% GST For Sin, Super Luxury Items
The GST Council, chaired by Finance Minister Nirmala Sitharaman, cut the current four slabs down to two - scrapping the 12 per cent and 28 per cent rates, while retaining the 5 per cent and 18 per cent slabs.
-
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.
-
How GST Impacted Automobile Prices In India
Introduction of GST impacted prices of many things people use in their daily lives including automobile prices.
-
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.
-
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.
-
New Quadricycle Vehicle Category Approved By Indian Government
A new category of small vehicles - Quadricycles, has been approved by the Indian government and in particular the Ministry Of Road Transport and Highways. This new category, which will mainly be used to classify small four wheeled personal vehicles (or commercial vehicles) will have to pass a list of emissions, crash and other norms which will be l...
-
GST On Electric Car Batteries Could Come Down Drastically
The Ministry Of Road Transport has brought about a whole range of proposals to increase the adoption of electric vehicles in India. These include the proposal of scrapping permits to run commercial electric vehicles, allowing youth between the ages of 16-18 to ride electric scooters without a license and preferential parking for electric cars in ce...
-
GST Rates: Used Cars To Get Cheaper As Latest GST Council Meeting Slashes Rates
Ahead of the Budget 2018, the most recent GST Council meeting was held in Delhi this week headed by Finance Minister Arun Jaitley. The council made a number of revisions to the tax rate on 20 items including used vehicles. Under the revised decision, the new GST rates on used vehicles has been reduced, while cess was removed across several categori...
-
GST Council Cuts Rates On Used Cars, Diamonds. Full List Here
The GST Council also considered simplification of the return filing process during the meeting.
-
Auto Industry Seeks Two GST Rates For Passenger Vehicles
Currently, under the Goods and Services Tax (GST) regime, small petrol cars with engine capacity less than 1200cc attract 1 per cent cess, while diesel cars with engine capacity of less than 1500cc attract 3 per cent cess, on top of the 28 per cent tax.
-
GST Cess: Diesel Maruti Suzuki Ciaz, Ertiga Prices Not Affected
The Ciaz diesel features a technology called SHVS or Smart Hybrid Vehicle System that classifies the sedan as a hybrid car and not just standard internal combustion engine automobile. All hybrid cars are classified at 43 per cent total GST which includes 28 per cent GST and 15 per cent cess that was originally levied on cars when the new tax struct...
-
GST Cess: Maruti Suzuki Ciaz Petrol And S-Cross To Become More Expensive
The prices for the Maruti Suzuki Ciaz petrol and Maruti Suzuki S-Cross will be increased soon due to the GST council recently announcing that different segments of cars will be taxed differently under the new GST rates as per body style. After originally pegging the GST rate for cars above 4 meters to a standard 43 per cent which included a 28 per ...
