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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...

Facts Of Chasing Classic Cars By Wayne Carini

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Chasing classic cars is a popular car program hosted by Wayne Carini, a classic car lover. He travels around the world to hunt popular classic vehicles from all eras. Carini is capable of restoring and renovating classic from all over the world. He takes part in auction sale for selling some of his classic collections. He has his collection of classic cars. Some of the facts of chasing classic cars by Wayne Carini Ferrari 250 WB- Life Long Chase Wayne Carini chased has several cars in his lifetime. The Ferrari 250 WB classic car was the one that he chased all his lifetime. It is not possible to own this classic car as it is costly. Personal Collection Carini restores many classic cars and sells it, other car lovers. But Carini owns its collection of classic cars. Carini’s personal collection of classic cars contains nearly 25 popular classic cars. Some of the cars in his collection include 1952 Muntz Jet, 1964 Shelby Cobra, 1936 Ford Pickup and lot more. D...

Popular Classic Cars That You Must Drive

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Car lovers wish to own a classic car. It is considered as a symbol of status and pride for car lovers. Classic cars are the one which is older than 20 years. Classic cars are expensive, and it is known for its stylish looks. Some of the classic cars that every classic car lover must own. Acura NSX: This is one of the luxury classic cars that you must try out in your life. It is considered as a supercar and known for it is high-end performance. The unique style of the car has made it enter the list of famous classic cars. Aston Martin DB5: This vehicle does not require any introduction. This car was featured in the James Bond Hollywood Film. It is one of the historical vehicles that is known for its remarkable performance. Austin Healey 3000 Chevrolet Corvette: This is the most owned classic car by the majority of classic car lovers. It is an iconic car of America. It is a breathtaking model which is popular to date. This car is available for auction in variou...

Popular Classic Cars That You Must Know About

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Classic cars are a symbol of status for car lovers. Car enthusiasts are crazy about owning a classic car that possesses certain unique features. Classic cars are vehicles that are more than 20 years old. Classic cars are expensive, and it is usually purchased in an auction sale. Here is the list of top classic vehicles that are popular among car lovers all around the world. Shelby 427 Cobra-1966: This is a popular classic car of great value. It is known for its power to weight ratio, and it performs much better than the Corolla type of cars. It is worth the money you invest in this classic car. It is compared to the power of a cobra. Jaguar E Type -1961: This is considered as one of the most beautiful classic cars. It is known for its unique style. Everyone praised its beauty and style when it was released in the year 1961. Maserati Ghibli 4.7- 1969: The shark shaped nose of this classic car has made it one of the most popular classic cars. The car is known for...

Things To Know About Classic Cars

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Car lovers consider it as pride and iconic status when they own a classic car. A classic car is one which is an old, i.e. car that is more than 25 years old. In certain countries, classic cars are referred to like cars that are 20 years old. It is essential that the car should not be modified in any means for several years so that it can be considered as classic cars. Various classifications of old cars which includes Antique Cars, Vintage Cars, and Classic Cars. Purchasing the right classic car is, and it is a challenging task. The following are the things that a car enthusiast or classic car lovers should know about when purchasing a classic car. Posses Real Passion Car lovers who are interested in collecting cars should look for cars with real passion. Purchasing a classic car is not like purchasing a real estate property. It is a bad idea to purchase cheap classic cars with a hope of profit. Make sure that you purchase a classic car with all your heart based o...

Interesting Facts About Classic Cars

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Car lovers wish to own classic cars. Several popular brands come up with some unique models of classic cars. Some type of cars would never enter the scrap yard, and these cars can be called classic cars. Car enthusiasts are crazy about owning several models of classic cars. Classic cars are not mainly used for transport, and there are several other significances for these cars. The following are some of the interesting facts about classic cars. Amazingly Interesting Facts About Classic Cars Self Propelled Mechanical Vehicle: The first mechanical tricycle vehicle that was powered with steam. It was a self-propelled vehicle that was released in the year 1769.  This mechanical vehicle weighed 8000 pounds. First Modern Automobile: Benz Patent –Motorwagen invested by a German in the year 1886 is said to be the first ever modern automobile. First Mass-Produced Automobile: Ford Model T is the first mass-produced automobile, and the production started in the year 191...

Popular Classic Car Shows Around The World

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Classic car shows are popular all around the world. Car owners and car lover take part in the classic car shows and showcase their cars to the public. Every year these types of car shows are organized in various places of the world. Thousands of people take part in the classic car show, and different brands and models of cars are exhibited in the car show. Some of the classic car shows and its importance Ponoma Swap Meet And Classic Car Show: This classic car show took place in the year 2015. This show was a one-day event, and George Cross and Sons organized it. The classic show is also called as the West Coast largest auto, and other brands meet. Some of the popular cars were on display, and it was for sale. It is essential that visitors reach the place early so that they can experience the luxury of cars. You must also wear good walking shoes when being a part of the classic car show. Retromobile: This classic car show was held in Paris, France, in the year 2016. ...