Gst On Hybrid Vehicles
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India To Get Rid Of Petrol And Diesel Vehicles? What Nitin Gadkari Said
As part of his ambition to make India a green economy, Union minister Nitin Gadkari wants to slash GST on hybrid vehicles and has vowed to rid the country entirely of the over 36 crore petrol and diesel vehicles.
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GST On Batteries For Electric Cars Reduced From 28 To 18 Per Cent
The GST Council, set up by the Indian Government has reduced the GST rate on lithium-ion batteries for electric cars from 28 per cent to 18 per cent. Although this reduction is not as drastic as predicted earlier, the 10 per cent rate in reduction of GST on these batteries will help reduce the overall price of electric vehicles in India.
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New Quadricycle Vehicle Category Approved By Indian Government
A new category of small vehicles - Quadricycles, has been approved by the Indian government and in particular the Ministry Of Road Transport and Highways. This new category, which will mainly be used to classify small four wheeled personal vehicles (or commercial vehicles) will have to pass a list of emissions, crash and other norms which will be l...
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GST Cess: Diesel Maruti Suzuki Ciaz, Ertiga Prices Not Affected
The Ciaz diesel features a technology called SHVS or Smart Hybrid Vehicle System that classifies the sedan as a hybrid car and not just standard internal combustion engine automobile. All hybrid cars are classified at 43 per cent total GST which includes 28 per cent GST and 15 per cent cess that was originally levied on cars when the new tax struct...
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GST Cess: Maruti Suzuki Ciaz Petrol And S-Cross To Become More Expensive
The prices for the Maruti Suzuki Ciaz petrol and Maruti Suzuki S-Cross will be increased soon due to the GST council recently announcing that different segments of cars will be taxed differently under the new GST rates as per body style. After originally pegging the GST rate for cars above 4 meters to a standard 43 per cent which included a 28 per ...
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SIAM Relieved At New Cess Rates, Welcomes Differential Taxes On Hybrids
The Society of Indian Automobile Manufacturers (SIAM) is relieved that a flat 25 per cent GST cess has not been imposed on all larger cars. SIAM however says that taxation on mid-sized passenger cars has almost been restored to pre-GST levels.
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GST Cess Hike In Cars To Take Effect From Today
Notification regarding increase in the effective rates of the Compensation Cess on specified motor vehicles will be issued on September 11, 2017, effective from 00 hours the same day.
-
GST Rates For Hybrid Vehicles May Be Reduced
On July 1, 2017, the Government of India rolled out the Goods and Services Tax reforms. GST, one of the biggest economic reforms in recent Indian history had several implications with certain products and services becoming considerably more expensive as compared to earlier. The auto industry though rejoiced as the new country wide rates made it eas...
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GST Rates: Despite Increased Tax Rates Volvo Cars Will Continue To Push For Hybrids
Volvo Cars has said it will continue to push for hybrid and electric vehicles in India despite disappointing high tax rate on such vehicles under GST.
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Toyota Says No change In Plans For Hybrid Vehicles Post GST
Toyota Kirloskar Motor (TKM) today said it will not change its plans for hybrid vehicles in India despite increase in tax rates on the category of vehicles under GST resulting in higher prices. Under the new tax regime, prices of the company's popular hybrid sedan Camry have gone up by an average of Rs. 3 lakh.
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GST Rates: Planning To Buy A Car? Here's How GST Will Affect Your Plans
The new GST rates are coming to effect from the 1st of July 2017 and while many models will see a decline in car prices, there are few that are set to become more expensive. Here's how GST on cars in India will affect your plans to buy a new car.
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Anant Geete To Take Up Lowering Of GST Rate On Hybrids With Jaitley
Finance Minister Arun Jaitley had earlier hinted that the tax rate on hybrid cars will not be reviewed, saying the industry demands were not in sync with a study conducted by tax officers.
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Arun Jaitley Hints At No Review Of GST Rate On Hybrid Cars
Even though hybrid cars are exempt from infrastructure cess, there is a 1 per cent National Calamity Contingent Duty, 2 per cent Central Sales Tax and 12.5 per cent VAT, which takes the total incidence to 30.3 per cent.
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Will Ask Finance Minister Arun Jaitley To Cut GST Rate On Hybrid Vehicles, Says Nitin Gadkari
Under the GST rates announced last week, hybrid cars, which are considered eco-friendly, are slated to attract a 15 per cent cess over and above peak rate of 28 per cent, same as those of large luxury cars and SUVs.
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Automakers Call GST Rates On Hybrid Vehicles Environment Unfriendly
Auto industry today termed clubbing of hybrid vehicles along with luxury cars in GST rates as environment unfriendly and regressive step, saying it went against plans to promote green vehicles.
-
India To Get Rid Of Petrol And Diesel Vehicles? What Nitin Gadkari Said
As part of his ambition to make India a green economy, Union minister Nitin Gadkari wants to slash GST on hybrid vehicles and has vowed to rid the country entirely of the over 36 crore petrol and diesel vehicles.
-
GST On Batteries For Electric Cars Reduced From 28 To 18 Per Cent
The GST Council, set up by the Indian Government has reduced the GST rate on lithium-ion batteries for electric cars from 28 per cent to 18 per cent. Although this reduction is not as drastic as predicted earlier, the 10 per cent rate in reduction of GST on these batteries will help reduce the overall price of electric vehicles in India.
-
New Quadricycle Vehicle Category Approved By Indian Government
A new category of small vehicles - Quadricycles, has been approved by the Indian government and in particular the Ministry Of Road Transport and Highways. This new category, which will mainly be used to classify small four wheeled personal vehicles (or commercial vehicles) will have to pass a list of emissions, crash and other norms which will be l...
-
GST Cess: Diesel Maruti Suzuki Ciaz, Ertiga Prices Not Affected
The Ciaz diesel features a technology called SHVS or Smart Hybrid Vehicle System that classifies the sedan as a hybrid car and not just standard internal combustion engine automobile. All hybrid cars are classified at 43 per cent total GST which includes 28 per cent GST and 15 per cent cess that was originally levied on cars when the new tax struct...
-
GST Cess: Maruti Suzuki Ciaz Petrol And S-Cross To Become More Expensive
The prices for the Maruti Suzuki Ciaz petrol and Maruti Suzuki S-Cross will be increased soon due to the GST council recently announcing that different segments of cars will be taxed differently under the new GST rates as per body style. After originally pegging the GST rate for cars above 4 meters to a standard 43 per cent which included a 28 per ...
-
SIAM Relieved At New Cess Rates, Welcomes Differential Taxes On Hybrids
The Society of Indian Automobile Manufacturers (SIAM) is relieved that a flat 25 per cent GST cess has not been imposed on all larger cars. SIAM however says that taxation on mid-sized passenger cars has almost been restored to pre-GST levels.
-
GST Cess Hike In Cars To Take Effect From Today
Notification regarding increase in the effective rates of the Compensation Cess on specified motor vehicles will be issued on September 11, 2017, effective from 00 hours the same day.
-
GST Rates For Hybrid Vehicles May Be Reduced
On July 1, 2017, the Government of India rolled out the Goods and Services Tax reforms. GST, one of the biggest economic reforms in recent Indian history had several implications with certain products and services becoming considerably more expensive as compared to earlier. The auto industry though rejoiced as the new country wide rates made it eas...
-
GST Rates: Despite Increased Tax Rates Volvo Cars Will Continue To Push For Hybrids
Volvo Cars has said it will continue to push for hybrid and electric vehicles in India despite disappointing high tax rate on such vehicles under GST.
-
Toyota Says No change In Plans For Hybrid Vehicles Post GST
Toyota Kirloskar Motor (TKM) today said it will not change its plans for hybrid vehicles in India despite increase in tax rates on the category of vehicles under GST resulting in higher prices. Under the new tax regime, prices of the company's popular hybrid sedan Camry have gone up by an average of Rs. 3 lakh.
-
GST Rates: Planning To Buy A Car? Here's How GST Will Affect Your Plans
The new GST rates are coming to effect from the 1st of July 2017 and while many models will see a decline in car prices, there are few that are set to become more expensive. Here's how GST on cars in India will affect your plans to buy a new car.
-
Anant Geete To Take Up Lowering Of GST Rate On Hybrids With Jaitley
Finance Minister Arun Jaitley had earlier hinted that the tax rate on hybrid cars will not be reviewed, saying the industry demands were not in sync with a study conducted by tax officers.
-
Arun Jaitley Hints At No Review Of GST Rate On Hybrid Cars
Even though hybrid cars are exempt from infrastructure cess, there is a 1 per cent National Calamity Contingent Duty, 2 per cent Central Sales Tax and 12.5 per cent VAT, which takes the total incidence to 30.3 per cent.
-
Will Ask Finance Minister Arun Jaitley To Cut GST Rate On Hybrid Vehicles, Says Nitin Gadkari
Under the GST rates announced last week, hybrid cars, which are considered eco-friendly, are slated to attract a 15 per cent cess over and above peak rate of 28 per cent, same as those of large luxury cars and SUVs.
-
Automakers Call GST Rates On Hybrid Vehicles Environment Unfriendly
Auto industry today termed clubbing of hybrid vehicles along with luxury cars in GST rates as environment unfriendly and regressive step, saying it went against plans to promote green vehicles.
