If you are confused by personal finance terms, jargon and calculations, heres a series to simplify and deconstruct these for ...

THE GST COUNCIL raised the tax rate on ready-to-eat popcorn to 18% in cases where it is mixed with sugar, thereby changing ...

The CBIC emphasised that transactions involving vouchers themselves, irrespective of their type, do not constitute the supply ...

As per the GST rules, the 18% GST slab is applicable to electric vehicles (EVs) as well as petrol cars with an engine ...

The GST Council has raised the GST rate on used cars from 12% to 18%, including EVs, sold by businesses. This rate applies to ...

Krishna, as we are prepared to welcome the New Year, I hear that the 55th GST Council Meeting held on 21.12.2024 also brought several new recommendations. Can you enlighten me on these changes?

GST is applicable on the sale of old used cars only when the selling price exceeds the depreciated value, with a uniform rate ...

The GST Council last week recommended harmonizing the tax rate on used cars at 18%, which meant the rate for used small cars, including electric vehicles moved up from 12%.

The GST Council clarified rules for old vehicle sales, setting an 18 per cent tax on seller margins, exempting private sales ...

GST Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs GST Policy Wing ...

That would mean the tax will be different for enterprises ... The Council’s decision to prescribe a single GST rate on sale of all old and used vehicles including EVs at 18% was a measure ...