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An order has been directed by the Uttarakhand Authority of Advance Ruling (AAR), according to the order, availing motor vehicle rental services, GST is subject to be paid on monthly rental, overnight charges, and fuel on a mileage basis. The appellant, M/S Uttarakhand Public Financial Management Project, receives motor vehicle hire services from M/S Baba […]
Delhi government has stated that the recent amendment in the Reverse Charge Mechanism Get an easy guide to RCM (reverse charge mechanism) introduced in GST India same as VAT basis. Also, We covered the topic in all aspects along with systematic manner to give motor vehicles on rent. On 30th June 2017 the governor of […]
The Authority for Advance Rulings (AAR), West Bengal has recently declared that input tax credit (ITC) will not be admissible against the GST paid on the purchase of motor vehicles for supplying rent-a-cab service, under the section 17(5)(b)(i) of the GST Act. In a recent hearing, an applicant claimed that she provide rent-a-cab service according […]
A senior official from Tata Motors, the leading manufacturer of electric vehicles in the country, cautioned on Wednesday that any effort to reduce GST tax rates on hybrid cars could lead to confusion in the industry and dilute the government’s endeavours to achieve its net-zero objectives. Shailesh Chandra, the managing director of Tata Motors’ divisions […]
The government, in a move aimed at stimulating demand in the automobile sector, has restructured GST rates for vehicles and auto parts. The Compensation Cess has been eliminated, making vehicles cheaper in several categories. Under overhaul, 12 and 18 per cent slabs have been removed, and 5 and 12 per cent slabs remain in place. […]
The Kerala High Court ruled that vehicles registered as Goods Carriage Vehicles cannot be reclassified as Construction Equipment Vehicles solely to levy a one-time tax. A transport company, Vee Tee Logistics, had registered four vehicles as Goods Carriage Vehicles and paid taxes under the Kerala Motor Vehicles Taxation Act, 1976. Subsequently, the Transport Department tried […]
The 55th GST Council meeting held on 21st Dec 2024 at Jaisalmer, has been chaired by Finance Minister Nirmala Sitharaman. One of the main decisions opted for was to waive the GST on the contributions incurred via the general insurance companies from the third-party motor vehicle premiums to the Motor Vehicle Accident Fund ( MVA […]
Tax notices have been issued by the central government for Rs 10,000 crore to the automobile manufacturers for ‘failing to pay the compensation cess’ under the Goods and Services Tax (GST) on utility vehicles. The taxes relate to utility vehicles sold before 2022 and consist of popular models like Mahindra’s Thar and Scorpio, Tata Motors’ […]
The GST (Goods and Services Tax) council has provided clarification on the taxability of wreck and salvage values in motor insurance claims. It has stated that general insurers are liable to pay GST on the disposal or sale of the salvage after settling the claims. Salvage value is directed to the value of the damaged […]
