It seems from various news reports that car prices are likely to go up 1-2% after GST, 1st July 2017.
So if I book a car now and the actual sale happens after 3-6 months (much after GST comes into force), will GST be applicable at final sale time?
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If car booked now, will it escape GST on final sale?
Replies (8)
yes i think it is applicable on that date
taxes on delivery date is applicable.
Rate of tax is applicable of date of supply
taxes on apply on date of invoice raised
| Originally posted by : Kushal Pande | ||
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Big Majority of people in India do not pay Direct tax so government has high expectations on Indirect Taxes.
| Originally posted by : rohit | ||
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Big Majority of people in India do not pay Direct tax so government has high expectations on Indirect Taxes. | |
But for those who are genuine income tax payers, do add the the burden of Indirect taxes, what percentage does the Direct + Indirect tax comes to?
I say this is daylight robbery, coercing people to pay double, triple taxes.
Kushan,
1-2% increase won't pinch much. It won't be too high like 30-40,000 more than current price.
I won't mind paying Government tax if such tax is honestly used for people.
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