Gst On Vehicles
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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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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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Nitin Gadkari Wants States To Consider Cutting GST On Flex-Fuel Vehicles
Union Minister Nitin Gadkari on Monday said state finance ministers should consider reducing Goods and Services Tax (GST) on flex-fuel vehicles to 12 per cent in the GST Council meeting.
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India To Get Rid Of Petrol And Diesel Vehicles? What Nitin Gadkari Said
As part of his ambition to make India a green economy, Union minister Nitin Gadkari wants to slash GST on hybrid vehicles and has vowed to rid the country entirely of the over 36 crore petrol and diesel vehicles.
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"Say Bye To Diesel Soon, Otherwise...": Nitin Gadkari Warns Carmakers
In a warning to Indian carmakers, Union Transport Minister Nitin Gadkari today said that the government will have no option but to increase tax on diesel vehicles and make their sales "difficult" if manufacturers do not limit their production.
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GST Council Likely To Exempt IGST On Cancer Drug Import, 5% For F&B At Multiplexes
The GST Council at its next meeting on Tuesday is likely to exempt cancer medicine Dinutuximab imported by individuals from tax, decide on applicability of GST on food or beverages served in multiplexes and come out with a clear definition of utility vehicles for levying a 22 per cent cess, sources said.
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Big Change In Tax On SUVs In GST Council's Latest Meeting
The Goods and Services Tax (GST) Council on Saturday decided to have a single definition across all states in the country for sports utility vehicles, attracting a higher tax rate.
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Electric Vehicles: More Than 13 Lakh EVs in Use in India, Government Says
Over 13 lakh electric vehicles are in use in India, Union Minister Nitin Gadkari revealed on Tuesday. There 13.34 lakh EVs in operation in the country, according to the minister. The details were revealed in a written reply to a question in the Rajya Sabha. Gadkari also revealed steps taken to promote the use of EVs in India under the Faster Adopti...
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Government Could Reduce GST On Lithium-Ion Batteries: Report
As per reports, the GST Council could further cut GST on lithium-ion batteries down to 5% from the current 18%
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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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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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Union Budget 2021-22: EV Makers Seek Lower GST, Import Duty Cut
Electric vehicle manufactures are seeking extension of the FAME-II scheme, lower GST and import duty cuts to accelerate growth of the segment.
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Budget 2021: Auto Sector Seeks GST Reduction In Lithium Batteries, PLI Details
Budget 2021: The government should provide financing options, reduce GST on raw materials, reduce duties on lithium ion cell batteries, which may boost the sales of electric vehicles, according to Brickworks Ratings
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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.
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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.
-
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.
-
Nitin Gadkari Wants States To Consider Cutting GST On Flex-Fuel Vehicles
Union Minister Nitin Gadkari on Monday said state finance ministers should consider reducing Goods and Services Tax (GST) on flex-fuel vehicles to 12 per cent in the GST Council meeting.
-
India To Get Rid Of Petrol And Diesel Vehicles? What Nitin Gadkari Said
As part of his ambition to make India a green economy, Union minister Nitin Gadkari wants to slash GST on hybrid vehicles and has vowed to rid the country entirely of the over 36 crore petrol and diesel vehicles.
-
"Say Bye To Diesel Soon, Otherwise...": Nitin Gadkari Warns Carmakers
In a warning to Indian carmakers, Union Transport Minister Nitin Gadkari today said that the government will have no option but to increase tax on diesel vehicles and make their sales "difficult" if manufacturers do not limit their production.
-
GST Council Likely To Exempt IGST On Cancer Drug Import, 5% For F&B At Multiplexes
The GST Council at its next meeting on Tuesday is likely to exempt cancer medicine Dinutuximab imported by individuals from tax, decide on applicability of GST on food or beverages served in multiplexes and come out with a clear definition of utility vehicles for levying a 22 per cent cess, sources said.
-
Big Change In Tax On SUVs In GST Council's Latest Meeting
The Goods and Services Tax (GST) Council on Saturday decided to have a single definition across all states in the country for sports utility vehicles, attracting a higher tax rate.
-
Electric Vehicles: More Than 13 Lakh EVs in Use in India, Government Says
Over 13 lakh electric vehicles are in use in India, Union Minister Nitin Gadkari revealed on Tuesday. There 13.34 lakh EVs in operation in the country, according to the minister. The details were revealed in a written reply to a question in the Rajya Sabha. Gadkari also revealed steps taken to promote the use of EVs in India under the Faster Adopti...
-
Government Could Reduce GST On Lithium-Ion Batteries: Report
As per reports, the GST Council could further cut GST on lithium-ion batteries down to 5% from the current 18%
-
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.
-
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.
-
Union Budget 2021-22: EV Makers Seek Lower GST, Import Duty Cut
Electric vehicle manufactures are seeking extension of the FAME-II scheme, lower GST and import duty cuts to accelerate growth of the segment.
-
Budget 2021: Auto Sector Seeks GST Reduction In Lithium Batteries, PLI Details
Budget 2021: The government should provide financing options, reduce GST on raw materials, reduce duties on lithium ion cell batteries, which may boost the sales of electric vehicles, according to Brickworks Ratings
-
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.
