GST on used/Old Cars in India The Goods and Services Tax (GST) is a critical element in India’s taxation system, affecting various sectors, including the pre-owned vehicle market. The taxation framework for used cars has seen significant adjustments over the […]
GST Compensation Cess on Cars What is Compensation Cess in GST Act? Compensation cess is a type of charge levied on certain goods in addition to the applicable GST and it was introduced as part of the GST Act. Compensation […]
GST on Commercial Vehicles. Commercial vehicles such as those designed for carrying passengers, goods or for agricultural use typically feature a GST on car in India and other vehicles are ranging from 12% to 28%. Before going through the GST […]
GST on car for personal use. Vehicles for personal use such as motor cars, motor vehicles and even bicycles feature GST ranging from 5% to 12%. GST rate applicable to vehicles is 5% on carriages (motorized/non-motorized) for use by disabled […]
GST on Cars in India Introduction Goods and Services Tax (GST) currently applies to most goods and services in India including motor vehicles. GST on cars in India is applicable on multiple slab rates of 5%, 12%, 18%, and 28%. […]
Highlights of 1st GST Council Meeting dated 22-23 September 2016 Looking for the updates of the 1st GST Council Meeting? Here are the most important ones- Scheduled Implementation A timetable was proposed for completing various steps in order to implement […]
Highlights of 26th GST Council Meeting dated 10th March 2018 Looking for the updates of the 26th GST Council Meeting? Here are the most important ones. The current system of filing of GSTR-3B and GSTR-1 has been extended till […]
Highlights of 24th GST Council Meeting dated 16th December 2017 Looking for the updates of the 24th GST Council Meeting? Here are the most important ones. The nationwide e-way Bill system will be ready to be rolled out on a […]
Highlights of 23rd GST Council Meeting dated 10th November 2017 Looking for the updates of the 23rd GST Council Meeting? Here are the most important ones. Changes in Composition Scheme:- Composition scheme limit to be increased to Rs 1.5 crore […]
