EVEN as the social media is abuzz with memes and outrage over GST on sale of used cars, government sources said unlike the popular perception, GST would not be levied if the margin of sale is negative.
The government had earlier clarified that no GST would be levied if the transaction is between two unregistered persons. It has also been clarified that no new tax has been levied, and that the rate has been increased from 12% to 18% on some passenger vehicles.
As per the sources, GST is payable only on the value representing the margin of the seller -- the difference between sale amount and the depreciated value of a passenger vehicle.
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The Holiday Nutrition Dilemma
With non-starchy vegetables like greens, carrots, or broccoli. Reserve 25 percent for lean proteins like turkey or fish.
Anupam Sud's canvas fabulises our times
THE Journey A Full Circle', a solo art exhibition by Anupam Sud, has opened recently at Palette Art Gallery.
THE BIRDS ARE COMING
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From Melbourne with season's greetings
TRAVIS HEAD was running back and forth on one corner of the outfield at the Melbourne Cricket Ground.
PL leaders Liverpool host Leicester, Arsenal prepare for life without Saka
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SA Eye WTC Final in 2-Test Series vs Pak
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Coaching & playing: Twin role with purpose for badminton nat'l's finalists
SHUTTLERS Lokeshviswanathan and Naveen P's journey is a tale of perseverance, hard work and resourcefulness. In the just-concluded national championships in Bengaluru, the doubles specialists from Tamil Nadu were one of the standout performers as they reached the title match before going down with a fight.
Where will India captain bat?
IT'S been a question that followed India captain Rohit Sharma from the moment he landed in Perth.
Booming Bumrah
PACER, WHO BURST ONTO THE SCENE SIX YEARS AGO, HAS GOTTEN BETTER WITH TIME TO BECOME ONE OF THE MOST INFLUENTIAL BOWLERS OF HIS ERA
Food delivery app Waayu expands to 25 cities
ZERO-commission food delivery app Waayu, which announced its expansion into 25 cities across the country, aims to onboard 10,000 restaurants in six months and targets 1 lakh restaurants in three years.
