Among the major changes announced, the Council decided to increase the GST rate from 12% to 18% on sale of all old and used vehicles, including EVs.
Currently, 18% GST is levied on sale of old and used petrol vehicles of engine capacity of 1200 cc or more & of length of 4000 mm or more; diesel vehicles of engine capacity of 1500 cc or more & of length of 4000 mm and SUVs.
However, finance minister Nirmala Sitharaman clarified the 18% GST would only be levied only on the margin - difference between the purchase price and selling price (depreciated value if depreciation is claimed) and not on the value of the vehicle. The FM also clarified that the GST is not applicable in case of unregistered persons.
The tax rate on caramelised popcorn - that took the social media by a storm on Saturday - has been increased from 5% to 18%.
Diese Geschichte stammt aus der December 22, 2024-Ausgabe von The New Indian Express Tiruchy.
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Diese Geschichte stammt aus der December 22, 2024-Ausgabe von The New Indian Express Tiruchy.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
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