The proposed Goods and Services Tax (GST) to be flipped out across India from July one will see petite cars proceed to attract the highest tax rate with an increase of two percent from the previous regime to stand at twenty nine percent, including extra cess. Read more
Prime Minister Narendra Modi launched a fresh system of taxes Saturday, an overhaul ten years in the making that will turn the country of 1.Trio billion people into one market for goods and services for the very first time.
The fresh Goods and Services Tax substitutes more than a dozen central and state tariffs, duties and fees levied — often at different rates across India’s twenty nine states — on almost everything sold in the country. Read more
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. Read more
Updated on Aug 04, two thousand seventeen – 03:Ten:07 PM
The automobile industry in India is a vast business producing a large number of cars and bikes annually, fueled mostly by the massive population of the country. Under the current tax system, there are several taxes applicable on this sector like excise, VAT, sales tax, road tax, motor vehicle tax, registration duty on car and bikes which will be subsumed by GST. Read more
Hyundai Motor India Limited has eventually announced to pass on the Goods and Services tax benefits on vehicles to its customers. After making us wait for almost a week since the GST came into effect on the 1st of July 2017, Hyundai India has ultimately announced price reductions for its entire model range. Read more
GST is perhaps the most significant economic tax reform in latest times. With the Goods and Services Tax bill, the Government aims to create a uniform tax structure across the country. Automobile manufacturers are divided over the implications of GST on car and bike prices. Read more