gst impact on small cars

146 views 2 replies
what will be the impact of small cars after implementation of gst?can anyone please explain the rates clearly..
Replies (2)

Tax difference very little. But looking at the discount offered by manufacturer presently........very attractive.

https://www.firstpost.com/business/gst-impact-maruti-suzuki-hyundai-honda-nissan-mm-ford-offer-up-to-rs-2-5-lakh-discount-3659301.H T M L

https://www.automotiveml.com/blog/small-car-prices-will-down-slightly-india-gst

I think small car will reduce by 3 to 4% ... Here are tax currently charged

Excise Duty = 12.5% NCCD = 1% Cess = .125 Infrastruture cess = 2.5 % CST = 1% ( If inter state ) VAT = 15% ( In Rajasthan ) Total Taxes paid = 32.12

Gst will charged on accessible value so cascading effect removed so also reduce prices ( 15% on 16.125 vat on excise duty- approx 2.25% ) GST will reduce price if all benefit trf. to consumer by car manufacturer.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register