Financial Accountant
225 Points
Joined September 2015
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.