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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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Highest-Ever November Sales For Passenger Vehicles Recorded In India
Passenger vehicles in India saw their highest-ever November sales at 3.48 lakh units, with a growth of 4.1 per cent as compared to the same month last year, according to figures released by the Society of Indian Automobile Manufacturers.
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Maruti Suzuki to Hike Car Prices in India by Up to 4 Percent Starting January 2025
In response to rising input costs and operational expenses, Maruti Suzuki India Limited announced a price increase across its car models effective January 2025. The hike, which is expected to be up to four percent, will vary depending on the model, according to a company statement released today.
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Festive Demand Drives Auto Sales In October 2024; 3.93 Lakh PVs Sold
The Indian automobile benefitted from the high-demand during the festive season in October 2024 showing growth in sales.
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FADA: Over 28 Lakh Vehicles Sold In India During Festive Month, Sales Up By 32%
In the month of October 2024, the Indian auto market witnessed retail sales of 28,32,944 units, marking a growth of 32 per cent on a YoY basis.
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Add To Cart: A Gun. Online Arms Sale In This UP City Leads To 7 Arrests
The accused were caught in Muzaffarnagar when the police launched a vehicle checking campaign after they received a tip that an illegal pistol was to be delivered.
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Big Drop In Car Sales In July-September, But 2-Wheelers Pick Up The Pace
Sales of passenger cars in the country saw a significant decline in the second quarter of FY25, as highlighted by the latest sales data released by the Society of Indian Automobile Manufacturers (SIAM) on Monday.
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Kia EV9 Electric SUV Launched In India; Priced At Rs. 1.3 Crore
The Kia EV9 electric SUV, Kia's most expensive vehicle, is now on sale in India. It will be brought to India as a completely-built unit (CBU). It will be offered only in the top-spec GT-Line trim.
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Ola Electric's Dominance Fades as Country's E-Scooter Battle Intensifies
Ola Electric, which made its stock market debut about two months ago, sold 23,965 vehicles in September, recording a month-on-month decline for the second consecutive month.
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How To Prepare Your Car For Long-Distance Road Trips
Planning a long-distance road trip? Ensure your car is equipped with the right accessories for a comfortable, safe, and enjoyable journey. From car organisers to essential tech gadgets, learn about everything you need to get your vehicle road-ready.
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Tata Motors Sales Drop By 6% In July 2024, Takes Third Position In Indian Market
Tata Motors' passenger vehicle sales dropped 6% in July 2024, selling 44,725 units including EVs.
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Zoom And Learn: How Can Toy Cars Boost Kids' Development
Toy cars are more than just playthings; they are tools that can significantly contribute to a child's development. From enhancing motor skills to fostering creativity, discover how these miniature vehicles can drive your child's growth.
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Mahindra Bolsters 11 Per Cent YoY Increase In Sales With Strong SUV Demand
Mahindra & Mahindra Ltd. reported 69,397 vehicle sales in June 2024, an 11% growth year-on-year.
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Maruti Suzuki Sold 1.8 Million CNG Vehicles Till Date, Leads Charge With 74% Market Share
The S-CNG system offers enhanced safety with stainless steel pipes and joints to avoid corrosion and leakage in the entire CNG structure.
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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.
-
Highest-Ever November Sales For Passenger Vehicles Recorded In India
Passenger vehicles in India saw their highest-ever November sales at 3.48 lakh units, with a growth of 4.1 per cent as compared to the same month last year, according to figures released by the Society of Indian Automobile Manufacturers.
-
Maruti Suzuki to Hike Car Prices in India by Up to 4 Percent Starting January 2025
In response to rising input costs and operational expenses, Maruti Suzuki India Limited announced a price increase across its car models effective January 2025. The hike, which is expected to be up to four percent, will vary depending on the model, according to a company statement released today.
-
Festive Demand Drives Auto Sales In October 2024; 3.93 Lakh PVs Sold
The Indian automobile benefitted from the high-demand during the festive season in October 2024 showing growth in sales.
-
FADA: Over 28 Lakh Vehicles Sold In India During Festive Month, Sales Up By 32%
In the month of October 2024, the Indian auto market witnessed retail sales of 28,32,944 units, marking a growth of 32 per cent on a YoY basis.
-
Add To Cart: A Gun. Online Arms Sale In This UP City Leads To 7 Arrests
The accused were caught in Muzaffarnagar when the police launched a vehicle checking campaign after they received a tip that an illegal pistol was to be delivered.
-
Big Drop In Car Sales In July-September, But 2-Wheelers Pick Up The Pace
Sales of passenger cars in the country saw a significant decline in the second quarter of FY25, as highlighted by the latest sales data released by the Society of Indian Automobile Manufacturers (SIAM) on Monday.
-
Kia EV9 Electric SUV Launched In India; Priced At Rs. 1.3 Crore
The Kia EV9 electric SUV, Kia's most expensive vehicle, is now on sale in India. It will be brought to India as a completely-built unit (CBU). It will be offered only in the top-spec GT-Line trim.
-
Ola Electric's Dominance Fades as Country's E-Scooter Battle Intensifies
Ola Electric, which made its stock market debut about two months ago, sold 23,965 vehicles in September, recording a month-on-month decline for the second consecutive month.
-
How To Prepare Your Car For Long-Distance Road Trips
Planning a long-distance road trip? Ensure your car is equipped with the right accessories for a comfortable, safe, and enjoyable journey. From car organisers to essential tech gadgets, learn about everything you need to get your vehicle road-ready.
-
Tata Motors Sales Drop By 6% In July 2024, Takes Third Position In Indian Market
Tata Motors' passenger vehicle sales dropped 6% in July 2024, selling 44,725 units including EVs.
-
Zoom And Learn: How Can Toy Cars Boost Kids' Development
Toy cars are more than just playthings; they are tools that can significantly contribute to a child's development. From enhancing motor skills to fostering creativity, discover how these miniature vehicles can drive your child's growth.
-
Mahindra Bolsters 11 Per Cent YoY Increase In Sales With Strong SUV Demand
Mahindra & Mahindra Ltd. reported 69,397 vehicle sales in June 2024, an 11% growth year-on-year.
-
Maruti Suzuki Sold 1.8 Million CNG Vehicles Till Date, Leads Charge With 74% Market Share
The S-CNG system offers enhanced safety with stainless steel pipes and joints to avoid corrosion and leakage in the entire CNG structure.
