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The GST Council's recent decision to impose an 18% tax on the resale of secondhand electric vehicles (EVs) has caused major misunderstanding.

GST Increase on Sale of all Old and Used Vehicles: 18% GST need to pay on 'loss margin' of EV resale?

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The Union Budget 2024-25 also brought significant changes to the personal income tax structure, with the goal of simplifying the tax system, improving compliance, and boosting economic growth.

Income Tax Changes 2024: Significant Reforms Revolutionised Indian Personal Finance

The GST Council in its 55th Meeting has increased tax on the sale of all old and used vehicles.

GST Rate Change on Sale of all Old and Used Vehicles: No GST on Loss Margin

The Union Finance Minister in 55th GST Council Meeting which was held on 21st Dec 2024, decided to impose 18% GST Rate on the Popcorn.

GST Council clarifies GST Rate on Popcorn

GST Council approved raising the GST rate on the sale of old and used vehicles from 12% to 18%. This change affects vehicles sold by businesses who claim depreciation and sell vehicles on a margin basis.

Major GST Alert: GST on Sale of all Old and Used Vehicles increased to 18%

The GST Council 55th meeting, held in Jaisalmer, Rajasthan, recommended some major changes in the GST return filing.

GST Return Filings: GST Council recommends major changes

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