NEW DELHI:
That would mean the tax will be different for enterprises which use cars for their business operations from those that use them as stock in trade or as inventory -- for example, a used car dealership.
The GST Council last week recommended harmonising the tax rate on used cars at 18%, which meant the rate for used small cars, including electric vehicles, moved up from 12%. It applies only on the margin of the selling enterprise.
GST is not applicable if one individual sells it to another.
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Bumrah keeps battle alive; Konstas makes fiery debut
Jasprit Bumrah's knack of coming up with magic deliveries in crunch situations kept India alive after Australia's top-order, headlined by teen debutant Sam Konstas' stroke-filled half-century, guided the hosts to 311 for 6 on the opening day of the fourth Test here on Thursday.
Kohli, Konstas Face Off; Indian Star Fined by ICC for Offence
Virat Kohli and Australian youngster Sam Konstas were on Thursday involved in a physical altercation that the 19-year-old home debutant played down as an accidental bump, but the incident is likely to prompt disciplinary action against the Indian superstar.
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Konstas shows an outrageous way to tackle Bumrah
You knew something was going to happen from the moment Sam Konstas, all of 19, sprinted out of the blocks and onto the field of play at the Melbourne Cricket Ground on Thursday.
Bumrah keeps hope alive after fireworks by sensational Sam
Three quick wickets by the pacer help India peg back the hosts from 237/2 to 311/6 on Day 1 of the fourth Test at MCG
ICC Fines Kohli for On-Field Altercation with Konstas
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Angkrish Slams Brisk Fifty As Mumbai Beat AP
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