Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160963 Points)
Replied 16 June 2017
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
Praveen Kachhawa
(Financial Accountant)
(225 Points)
Replied 16 June 2017
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.
CAclubindia
