For e commerce exports, GST has created an Integrated GST (IGST). Importing goods incurs an IGST whilst the exporting side is zero rated, which allows businesses to get refunds on money spent on ...
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GST on used cars: No new tax imposed on old, used cars, single tax rate fixed at 18%, say expertsWhere such margin is negative, no GST is payable. Illustration 1: Suppose a registered person is selling an old and used vehicle to any person at Rs.10 lakhs, where the purchase price of the ...
Gross GST collections rose by 9.1 per cent to about Rs 1.84 lakh crore in February, boosted by domestic consumption and indicating potential economic revival. As per the official data released on ...
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