The decision to raise the Goods and Services Tax (GST) wasn't easy, but it had to be done, Prime Minister Lawrence Wong said ...

Supplier must pay ₹18,000 GST (original liability), despite issuing the credit note. Supplier sells goods to a retailer, charging ₹18,000 GST. Retailer sells goods to consumers, charging ₹21,600 GST ...

Much jubilation about income tax cut, but millions will fall out of the income tax net,” Ranade wrote, pointing out a potential contradiction between the government’s goal of widening the tax base and ...

The GST Council recently announced a significant change in the taxation of used cars, raising the Goods and Services Tax (GST) rate from 12% to 18% for vehicles sold by businesses. This move ...

Clarification on tax on used car sales Currently, all old and used automobiles, including EVs, are subject to 12% GST. Old and used petrol cars with engine capacity of 1200 cc or more and length ...

The Gujarat assembly has unanimously passed two pivotal bills: one to amend the state's GST law in alignment with central ...

The Ex-showroom Price of a bike includes factory price and GST. Being a bike above 350cc, it attracts 31%GST. Ex-showroom price includes Factory price, GST, and dealer margin. Bajaj Dominar 400 is ...

Finance Minister Nirmala Sitharaman on Tuesday dispelled concerns over a rise in Goods and Services Tax (GST), saying that there is not even one item on which the rate has been increased after the ...