Central Board of Indirect Taxes & Custom (CBIC) has notified 18 per cent GST on sale margin of old and used electric vehicles ...

Integrated Tax (Rate) issued on January 16, 2025, has amended the Integrated Goods and Services Tax (IGST) rate on the sale ...

Hertz said last year that it would sell 30,000 electric cars, including Teslas, Polestars, and Volvos, because of repair and ...

Though still relatively new to the market, used Ioniq 5s are readily available. Here's what you need to know when shopping ...

What Happened: A used model year 2023 Chevrolet Bolt EV in Denver is listed for sale on the company website for $11,985. While most of the low-priced EVs are Chevrolet Bolts, the company has also ...

A registered person will have to pay GST on sale of old and used vehicle only if the seller has earned a margin, which is the selling price is higher than the depreciation adjusted cost price of the ...

The used car market, for the most part, has shifted back in favor of the buyers instead of the sellers. With deals to be had ...

The GST has been increased to bring uniformity in the GST rate charged for businesses on the sale of used EVs with that of used petrol and diesel vehicles with larger engine capacities ...

The Goods and Services Tax Council on Saturday decided to increase taxes on the margins of the supplier on sale of small used cars, including electric vehicles (EVs), from 12% to 18%. According to ...

Under the new rules, this rate will now apply to all used cars sold by businesses or dealers, including smaller vehicles and EVs. The tax will be calculated on the margin of the sale—the ...

Of course, this falls under the used car aftermarket sale of the renowned renting company ... and this came at a time when EVs are rising in popularity as more users opt for clean energy.

The GST Council on July 21 recommended bringing sale of old and used electric vehicles (EVs) and smaller petrol and diesel cars on a par with other vehicles. There have been a lot of doubts and ...