GST Rates: Planning To Buy A Car? Here – s How GST Will Affect Your Plans – NDTV CarAndBike
GST Rates: Planning To Buy A Car? Here’s How GST Will Affect Your Plans
Highlights
The Goods and Services Tax is now a reality. Presently, the concern for all car buyers is how the fresh GST rates will affect your plan of buying a car or a bike? With the GST rates in play, the prices in some passenger vehicle segments will go down while hybrid/electrified vehicles prices are set to go up. Also, we have a report for you with regards to how the GST rates will influence the pricing of two-wheelers in India. If you are wanting to buy a fresh car/SUV, how are the GST rates going to affect your buying decisions and where would you most likely end up spending more/saving. We attempt and figure this out for you.
Essentially, cars that are under four metres in length and come with a petrol engine of 1.2-litre or less will attract and extra cess of one per cent after GST launch. This list includes cars likes the Maruti Suzuki Alto, Maruti Suzuki Dzire, Hyundai Grand i10, Hyundai i20, Volkswagen Polo, Tata Tiago, and Tata Tigor, among other. Whereas, sub-4 metre cars like Dzire diesel, Mahindra TUV 300, Maruti Suzuki Vitara Brezza and others, which come with oil burners with a capacity of 1.5-litre or less will attract a cess of three per cent in addition to the standard GST rate of twenty eight per cent. So, the overall reduction in taxes for these two segments is from Two.25 – Two.Five per cent.
Similarly, cars that come with petrol engine above the capacity of 1.2-litre and diesel engines over 1.5-litre will attract an extra cess of fifteen per cent over and above the standard twenty eight per cent tax. This includes cars that are both under four metres and over four metres. So, cars like the Maruti Suzuki Ciaz and Ford Aspire and EcoSport (with the 1.5-litre petrol engine) will come under this category after GSt launch. These GST rates are applicable SUVs as well like – the Mahindra XUV500 and Toyota Fortuner along with luxury cars like the Mercedes E-Class, BMW three Series, and Jaguar XE among others. The tax reduction on cars that fall under these segments ranges from 1.7 to twelve per cent. Having said that, we have already explained all this, including a category-by-category breakup of which car slab becomes cheaper and by how much percentage, in our previous report so check that out here.
As for car buyers rooting for the environment, we have good news and a bad news both. Electrical car paramours the good news is for you. The GST on electrical cars will be twelve per cent, a good 7.Five per cent less than current taxation policies. Sadly tho’ the only electrified car presently selling in India is the Mahindra e2o plus so there aren’t too many options here. That said this might also be a positive sign for Tesla to ultimately come in the Indian market. On the other arm, If you were planning to buy a hybrid car like the – Toyota Camry, Toyota Prius, Volvo XC90 T8 plug-in hybrid, or even the Maruti Suzuki Ciaz or Ertiga with SHVS, then you’ll be paying an enhanced tax of forty three per cent post GST, which a good 13.Trio per cent more than the current 30.Three per cent tax on EVs. This also begs to question will we now see more electrified cars on roads or will hybrids become scarce as EVs in India.
For the latest auto news and reviews, go after CarAndBike on Twitter, Facebook, and subscribe to our YouTube channel.
GST Rates: Planning To Buy A Car? Here – s How GST Will Affect Your Plans – NDTV CarAndBike
GST Rates: Planning To Buy A Car? Here’s How GST Will Affect Your Plans
Highlights
The Goods and Services Tax is now a reality. Presently, the concern for all car buyers is how the fresh GST rates will affect your plan of buying a car or a bike? With the GST rates in play, the prices in some passenger vehicle segments will go down while hybrid/electrified vehicles prices are set to go up. Also, we have a report for you with regards to how the GST rates will influence the pricing of two-wheelers in India. If you are wanting to buy a fresh car/SUV, how are the GST rates going to affect your buying decisions and where would you most likely end up spending more/saving. We attempt and figure this out for you.
Essentially, cars that are under four metres in length and come with a petrol engine of 1.2-litre or less will attract and extra cess of one per cent after GST launch. This list includes cars likes the Maruti Suzuki Alto, Maruti Suzuki Dzire, Hyundai Grand i10, Hyundai i20, Volkswagen Polo, Tata Tiago, and Tata Tigor, among other. Whereas, sub-4 metre cars like Dzire diesel, Mahindra TUV 300, Maruti Suzuki Vitara Brezza and others, which come with oil burners with a capacity of 1.5-litre or less will attract a cess of three per cent in addition to the standard GST rate of twenty eight per cent. So, the overall reduction in taxes for these two segments is from Two.25 – Two.Five per cent.
Similarly, cars that come with petrol engine above the capacity of 1.2-litre and diesel engines over 1.5-litre will attract an extra cess of fifteen per cent over and above the standard twenty eight per cent tax. This includes cars that are both under four metres and over four metres. So, cars like the Maruti Suzuki Ciaz and Ford Aspire and EcoSport (with the 1.5-litre petrol engine) will come under this category after GSt launch. These GST rates are applicable SUVs as well like – the Mahindra XUV500 and Toyota Fortuner along with luxury cars like the Mercedes E-Class, BMW three Series, and Jaguar XE among others. The tax reduction on cars that fall under these segments ranges from 1.7 to twelve per cent. Having said that, we have already explained all this, including a category-by-category breakup of which car slab becomes cheaper and by how much percentage, in our previous report so check that out here.
As for car buyers rooting for the environment, we have good news and a bad news both. Electrical car paramours the good news is for you. The GST on electrified cars will be twelve per cent, a good 7.Five per cent less than current taxation policies. Sadly tho’ the only electrified car presently selling in India is the Mahindra e2o plus so there aren’t too many options here. That said this might also be a positive sign for Tesla to ultimately come in the Indian market. On the other mitt, If you were planning to buy a hybrid car like the – Toyota Camry, Toyota Prius, Volvo XC90 T8 plug-in hybrid, or even the Maruti Suzuki Ciaz or Ertiga with SHVS, then you’ll be paying an enlargened tax of forty three per cent post GST, which a good 13.Trio per cent more than the current 30.Trio per cent tax on EVs. This also begs to question will we now see more electrified cars on roads or will hybrids become scarce as EVs in India.
For the latest auto news and reviews, go after CarAndBike on Twitter, Facebook, and subscribe to our YouTube channel.
GST Rates: Planning To Buy A Car? Here – s How GST Will Affect Your Plans – NDTV CarAndBike
GST Rates: Planning To Buy A Car? Here’s How GST Will Affect Your Plans
Highlights
The Goods and Services Tax is now a reality. Presently, the concern for all car buyers is how the fresh GST rates will affect your plan of buying a car or a bike? With the GST rates in play, the prices in some passenger vehicle segments will go down while hybrid/electrified vehicles prices are set to go up. Also, we have a report for you with regards to how the GST rates will influence the pricing of two-wheelers in India. If you are wanting to buy a fresh car/SUV, how are the GST rates going to affect your buying decisions and where would you most likely end up spending more/saving. We attempt and figure this out for you.
Essentially, cars that are under four metres in length and come with a petrol engine of 1.2-litre or less will attract and extra cess of one per cent after GST launch. This list includes cars likes the Maruti Suzuki Alto, Maruti Suzuki Dzire, Hyundai Grand i10, Hyundai i20, Volkswagen Polo, Tata Tiago, and Tata Tigor, among other. Whereas, sub-4 metre cars like Dzire diesel, Mahindra TUV 300, Maruti Suzuki Vitara Brezza and others, which come with oil burners with a capacity of 1.5-litre or less will attract a cess of three per cent in addition to the standard GST rate of twenty eight per cent. So, the overall reduction in taxes for these two segments is from Two.25 – Two.Five per cent.
Similarly, cars that come with petrol engine above the capacity of 1.2-litre and diesel engines over 1.5-litre will attract an extra cess of fifteen per cent over and above the standard twenty eight per cent tax. This includes cars that are both under four metres and over four metres. So, cars like the Maruti Suzuki Ciaz and Ford Aspire and EcoSport (with the 1.5-litre petrol engine) will come under this category after GSt launch. These GST rates are applicable SUVs as well like – the Mahindra XUV500 and Toyota Fortuner along with luxury cars like the Mercedes E-Class, BMW three Series, and Jaguar XE among others. The tax reduction on cars that fall under these segments ranges from 1.7 to twelve per cent. Having said that, we have already explained all this, including a category-by-category breakup of which car slab becomes cheaper and by how much percentage, in our previous report so check that out here.
As for car buyers rooting for the environment, we have good news and a bad news both. Electrical car paramours the good news is for you. The GST on electrical cars will be twelve per cent, a good 7.Five per cent less than current taxation policies. Sadly tho’ the only electrified car presently selling in India is the Mahindra e2o plus so there aren’t too many options here. That said this might also be a positive sign for Tesla to ultimately inject the Indian market. On the other forearm, If you were planning to buy a hybrid car like the – Toyota Camry, Toyota Prius, Volvo XC90 T8 plug-in hybrid, or even the Maruti Suzuki Ciaz or Ertiga with SHVS, then you’ll be paying an enlargened tax of forty three per cent post GST, which a good 13.Trio per cent more than the current 30.Three per cent tax on EVs. This also begs to question will we now see more electrified cars on roads or will hybrids become scarce as EVs in India.
For the latest auto news and reviews, go after CarAndBike on Twitter, Facebook, and subscribe to our YouTube channel.
GST Rates: Planning To Buy A Car? Here – s How GST Will Affect Your Plans – NDTV CarAndBike
GST Rates: Planning To Buy A Car? Here’s How GST Will Affect Your Plans
Highlights
The Goods and Services Tax is now a reality. Presently, the concern for all car buyers is how the fresh GST rates will affect your plan of buying a car or a bike? With the GST rates in play, the prices in some passenger vehicle segments will go down while hybrid/electrical vehicles prices are set to go up. Also, we have a report for you with regards to how the GST rates will influence the pricing of two-wheelers in India. If you are wanting to buy a fresh car/SUV, how are the GST rates going to affect your buying decisions and where would you most likely end up spending more/saving. We attempt and figure this out for you.
Essentially, cars that are under four metres in length and come with a petrol engine of 1.2-litre or less will attract and extra cess of one per cent after GST launch. This list includes cars likes the Maruti Suzuki Alto, Maruti Suzuki Dzire, Hyundai Grand i10, Hyundai i20, Volkswagen Polo, Tata Tiago, and Tata Tigor, among other. Whereas, sub-4 metre cars like Dzire diesel, Mahindra TUV 300, Maruti Suzuki Vitara Brezza and others, which come with oil burners with a capacity of 1.5-litre or less will attract a cess of three per cent in addition to the standard GST rate of twenty eight per cent. So, the overall reduction in taxes for these two segments is from Two.25 – Two.Five per cent.
Similarly, cars that come with petrol engine above the capacity of 1.2-litre and diesel engines over 1.5-litre will attract an extra cess of fifteen per cent over and above the standard twenty eight per cent tax. This includes cars that are both under four metres and over four metres. So, cars like the Maruti Suzuki Ciaz and Ford Aspire and EcoSport (with the 1.5-litre petrol engine) will come under this category after GSt launch. These GST rates are applicable SUVs as well like – the Mahindra XUV500 and Toyota Fortuner along with luxury cars like the Mercedes E-Class, BMW three Series, and Jaguar XE among others. The tax reduction on cars that fall under these segments ranges from 1.7 to twelve per cent. Having said that, we have already explained all this, including a category-by-category breakup of which car slab becomes cheaper and by how much percentage, in our previous report so check that out here.
As for car buyers rooting for the environment, we have good news and a bad news both. Electrical car paramours the good news is for you. The GST on electrified cars will be twelve per cent, a good 7.Five per cent less than current taxation policies. Sadly tho’ the only electrified car presently selling in India is the Mahindra e2o plus so there aren’t too many options here. That said this might also be a positive sign for Tesla to eventually inject the Indian market. On the other palm, If you were planning to buy a hybrid car like the – Toyota Camry, Toyota Prius, Volvo XC90 T8 plug-in hybrid, or even the Maruti Suzuki Ciaz or Ertiga with SHVS, then you’ll be paying an enlargened tax of forty three per cent post GST, which a good 13.Three per cent more than the current 30.Trio per cent tax on EVs. This also begs to question will we now see more electrified cars on roads or will hybrids become scarce as EVs in India.
For the latest auto news and reviews, go after CarAndBike on Twitter, Facebook, and subscribe to our YouTube channel.
GST Rates: Planning To Buy A Car? Here – s How GST Will Affect Your Plans – NDTV CarAndBike
GST Rates: Planning To Buy A Car? Here’s How GST Will Affect Your Plans
Highlights
The Goods and Services Tax is now a reality. Presently, the concern for all car buyers is how the fresh GST rates will affect your plan of buying a car or a bike? With the GST rates in play, the prices in some passenger vehicle segments will go down while hybrid/electrified vehicles prices are set to go up. Also, we have a report for you with regards to how the GST rates will influence the pricing of two-wheelers in India. If you are wanting to buy a fresh car/SUV, how are the GST rates going to affect your buying decisions and where would you most likely end up spending more/saving. We attempt and figure this out for you.
Essentially, cars that are under four metres in length and come with a petrol engine of 1.2-litre or less will attract and extra cess of one per cent after GST launch. This list includes cars likes the Maruti Suzuki Alto, Maruti Suzuki Dzire, Hyundai Grand i10, Hyundai i20, Volkswagen Polo, Tata Tiago, and Tata Tigor, among other. Whereas, sub-4 metre cars like Dzire diesel, Mahindra TUV 300, Maruti Suzuki Vitara Brezza and others, which come with oil burners with a capacity of 1.5-litre or less will attract a cess of three per cent in addition to the standard GST rate of twenty eight per cent. So, the overall reduction in taxes for these two segments is from Two.25 – Two.Five per cent.
Similarly, cars that come with petrol engine above the capacity of 1.2-litre and diesel engines over 1.5-litre will attract an extra cess of fifteen per cent over and above the standard twenty eight per cent tax. This includes cars that are both under four metres and over four metres. So, cars like the Maruti Suzuki Ciaz and Ford Aspire and EcoSport (with the 1.5-litre petrol engine) will come under this category after GSt launch. These GST rates are applicable SUVs as well like – the Mahindra XUV500 and Toyota Fortuner along with luxury cars like the Mercedes E-Class, BMW three Series, and Jaguar XE among others. The tax reduction on cars that fall under these segments ranges from 1.7 to twelve per cent. Having said that, we have already explained all this, including a category-by-category breakup of which car slab becomes cheaper and by how much percentage, in our previous report so check that out here.
As for car buyers rooting for the environment, we have good news and a bad news both. Electrified car paramours the good news is for you. The GST on electrical cars will be twelve per cent, a good 7.Five per cent less than current taxation policies. Sadly tho’ the only electrified car presently selling in India is the Mahindra e2o plus so there aren’t too many options here. That said this might also be a positive sign for Tesla to eventually inject the Indian market. On the other palm, If you were planning to buy a hybrid car like the – Toyota Camry, Toyota Prius, Volvo XC90 T8 plug-in hybrid, or even the Maruti Suzuki Ciaz or Ertiga with SHVS, then you’ll be paying an enlargened tax of forty three per cent post GST, which a good 13.Three per cent more than the current 30.Three per cent tax on EVs. This also begs to question will we now see more electrical cars on roads or will hybrids become scarce as EVs in India.
For the latest auto news and reviews, go after CarAndBike on Twitter, Facebook, and subscribe to our YouTube channel.