Photo Credit: Nuthawut Somsuk A new mechanism under GST may facilitate granting new registration within 3 working days to new and small businesses. The concept note for new mechanism has got ‘in ...

New Delhi: The Goods and Services Tax (GST) on used ... which use cars for their business operations from those that use them as stock in trade or as inventory -- for example, a used car dealership.

The GST revision applies to vehicles sold by businesses that claim depreciation and transact on a margin basis. For example ... Tax hike on used small car sales: Is the 'margin between original ...