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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

55th GST Council Meeting held on 21st Dec 2024 decided to bring supply of the sponsorship services provided by the body corporates under Forward Charge Mechanism.

Sponsorship Services provided by Body Corporates under Forward Charge Mechanism

The GST Council proposes removing the late fee for filing GSTR-9C by March 31, 2025, in the event of delayed FORM GSTR-9C furnishing from 2017-18 to 2022-23.

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

GST Council clarifies GST Rate on Popcorn

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

GST Return Filings: GST Council recommends major changes

Sponsorship Services provided by Body Corporates under Forward Charge Mechanism

GST Council provides relief to Taxpayers by waiving Late Fees for GSTR-9C Filing by 31st March 2025