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The New GST Rules On Sale Of Old Motor Vehicles

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When GST came into place some years back, the sale of old and used motor vehicles got a significant hit because they were taxed at the same rate as new motor vehicles. It was capped at 28% GST plus Cess (as applicable). At the start of 2018, the government issued a new notification. Dates 25-1-8, the notification gave major relief to sellers of used/old cars. Depending upon the category, the GST now applicable ranges from 18% to 12%, which has made buying used vehicle affordable. Furthermore, another notification was issued under the Compensation Cess (Rate) that stated all sales of old and used vehicles would be exempt from Cess. The only question left to answer was the valuation of the vehicle. In simpler words, at what value will GST be applied. The. Notification No. 8/2018 by Central Tax (Rate) provides detailed information about the same. In most instances, the value of supply is equivalent to the margin of supply, and on this amount, GST is applicable.  Two ca...
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Get More Out Of Your UPS With External Batteries

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The present era is all about technology. Without being connected online, most of us can hardly work. It is why power-outages lead to direct financial loss. Considering power cuts are becoming more common with the rise in global warming, there is a need for constant power backup. For homes and offices, it comes in the form of inverters and external batteries. For computers, they come in the form of UPS. Inverter battery dealers can be approached for reliable products and services. But a UPS is capable of working only for a short time. What happens when you are working on a critical project and the computer shuts-down because the power flickered off? Yes, the UPS will give you enough time to save your work and switch off the PC but not more. What if we told you there is a method to increase the power backup of your UPS? An expert at Nantech came across a unique article a few days back. The post talked about how you can keep the UPS working for an extended time using ext...
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Restoring a Vintage Car to Its Original Self

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What are the things to do when restoring a classic car ? Automobile fans generally say that "Cars do not get old, motorists do!" They think that regardless of how old or what brand the car is, it could still look brand-new or can be brought back to its old self as long as appropriate maintenance is used. If a cars and truck proprietor takes great treatment of the vehicle after that it will definitely last long. In the United Kingdom, there are specific brands that auto fans favor and are constantly on the search for brand-new designs. An additional model understood to the UK is the "Vocalist" which took into consideration the 3rd largest vehicle supplier in the nation. Importance of Brand Names in Classic Cars On the other hand, in the USA, the leading brand names of classic cars which are primarily seen in vehicle auctions as well as are extremely marketable are the Ford Version T and also the Chevrolet. These are only a few of the well-known brands...
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