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Even while social media is rife with fury about GST on used car sales, government sources have stated that GST will not be applied if the 'margin' of sale is negative.

No GST taxed on Sale of Used Vehicles at Loss

India is known as a home for many reputable CA firms that offer aspiring professionals the opportunity to gain experience and learn from industry experts.

Top 5 CA Firms in India for Articleship

CREDAI has written to FM, urging her to reconsider the proposal to charge 18% GST on FSI/Additional FSI charges paid to local authorities for real estate development projects.

CREDAI urges FM to reconsider 18% GST on FSI

Finance Minister chaired the 55th GST Council meeting and one of the primary decisions made was to waive the GST on payments made to the Motor Vehicle Accident Fund (MVA Fund).

GST Council proposes Exemption of Tax on Third-Party Motor Premiums under MVA Fund

The Goods and Services Tax Network (GSTN) has issued an advisory on the entry of receipt numbers pertaining to leased wagons in the E-Way bill system.

GSTN Advisory on Entry of Receipt Numbers Pertaining to Leased Wagons in the E-Way Bill System

The GST Council's latest proposal to raise the GST rate on the sale of old and used vehicles from 12% to 18% is projected to have a negative impact on trade growth.

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No GST taxed on Sale of Used Vehicles at Loss

Top 5 CA Firms in India for Articleship

CREDAI urges FM to reconsider 18% GST on FSI

GST Council proposes Exemption of Tax on Third-Party Motor Premiums under MVA Fund

GSTN Advisory on Entry of Receipt Numbers Pertaining to Leased Wagons in the E-Way Bill System

GST hike on Used Cars Sale will shift Transactions to informal channels