Tag Archives: Adhia

Sale of used cars: GST only on margins made by dealer, says Adhia

The GST rates for second-hand car transactions will be the same as the new cars of the same make — 29 per cent for small cars or 43 per cent for all the other cars. The sale of second-hand cars on the vendor platforms will attract goods and services tax (GST) only on the margins made by the dealer, revenue ... Read More »

1% Cut in Corporate Taxes to Cost Exchequer Rs 15K crore: Adhia

New Delhi: Finance Ministry today said it refrained from reducing the corporate tax rate by 1 per cent in 2016-17 Budget as it would have resulted in revenue sacrifice of Rs. 15,000 crore and impacted the fiscal consolidation programme. “The Finance Minister had his own limitations in terms of resources… You know how much the bill is going to come ... Read More »