GST on Used Car Sale : GST is not applicable on the sale of a used car by an individual in India. This exemption applies regardless of whether the buyer is another individual or a business. The sale of a used car by an individual is not considered a “supply” under GST law, thus exempting it from GST regulations.
Last week decided
The GST Council in its meeting last week decided to prescribe a single rate of 18 per cent on sale of all old and used vehicles including EVs, earlier leviable at different rates. If an individual sells old and used car to another individual, GST would not be applicable.
An enlisted individual should pay GST marked down of old and pre-owned car provided that the vender has procured an edge, which is the selling cost is higher than the deterioration changed cost of the vehicle, sources said. The GST Committee in its gathering last week chose to endorse a solitary pace of 18% discounted of all old and pre-owned cars including EVs, prior leviable at various rates.
Sources said where the enlisted individual has guaranteed deterioration under Area 32 of the Personal Assessment Act 1961, GST is payable just on the worth addressing the edge of the provider, that is the contrast between thought got for the stockpile of such merchandise and the devalued worth of such products on the date of supply. “Where such margin is negative, no GST is payable,” a source said.
Winston here from Iowa. I’m always watching for new sites and looking at older ones and thought I’d reach out to see if you could use a hand driving targeted traffic, automating repetitive tasks, or some good old fashioned bulk targeted outreach campaigns to lists I already own.
I’ve been doing this for over 20 years — building sites, editing videos, crafting bulk email campaigns (I even provide the targeted lists as I mentioned), running traffic, creating custom software, fixing and optimizing WordPress sites, I’ll even pay for any plugins you might want/need. If a solution exists, I’ve probably built it or bought it — and if I haven’t, I will for your project. I’m happy to shoulder 90% of the cost with tools, lists, licenses, and tech I already own.
All I ask is a flat $99/month for my time, month to month — no catch. I don’t mean to impose, I just wanted to offer real help if you’re open to it.
Quick background: born and raised in the Midwest, married, three girls. If I can support them by helping you using everything I’ve built over the years, that’s the kind of win-win I can imagine. It still amazes me how few people actually help the way I do — and I’d love the chance to show you.
If you need anything at all, just ask, doesn’t cost anything to do that.
P.S. – If I missed something you might need help with, just ask. I only scratched the surface here.
All the best,
Winston
Cell: 1-319-435-1790
Chat with me anytime: https://kutt.it/deserve
Thanks for checking out Capital USA Lending. We make securing a loan fast, transparent, and tailored to your needs. At Capital USA Lending, you’ll benefit from:
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Need help along the way? Just hit “reply” with any questions – I’m on standby to assist.
Looking forward to helping you move forward,
Capital USA Lending Inc.
1309 Coffeen Avenue STE 13075
Sheridan, WY 82801
Thanks for checking out Capital USA Lending. We make securing a loan fast, transparent, and tailored to your needs. At Capital USA Lending, you’ll benefit from:
– Fuel your business growth in 48 hours or less
– Fast, flexible funding for your next big move
– Get up to $300K online — Apply in 30 seconds
Ready to get started? Click here to continue your application now:
https://kutt.it/k4qDs5
Need help along the way? Just hit “reply” with any questions – I’m on standby to assist.
Looking forward to helping you move forward,
Capital USA Lending Inc.
1309 Coffeen Avenue STE 13075
Sheridan, WY 82801