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Big Change In Tax On SUVs In GST Council's Latest Meeting
The Goods and Services Tax (GST) Council on Saturday decided to have a single definition across all states in the country for sports utility vehicles, attracting a higher tax rate.
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Car On Discount Promise Used To Dupe Hundreds, 7 Arrested: Delhi Police
The Delhi Police has busted a fake call centre running in Rohini and arrested seven people for allegedly duping hundreds by obtaining their bank account details on the promise of providing them with an SUV by paying just 1 per cent GST of its cost.
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Jaguar Land Rover Seeks Reduction In GST Rates On Premium Sedans, SUVs
The Jaguar portfolio in India includes models like XE, XF, F-PACE and XJ while the Land Rover range includes the Discovery Sport, Range Rover Evoque among others.
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GST Cess: Bill Allowing Cess Increase On Luxury Cars Passed By Lok Sabha
In yet another unexpected move, the Lok Sabha has approved a bill to hike Cess on luxury vehicles from 15 per cent to 25 per cent. The Cess will be applicable along with the 28 per cent GST that is already applicable on cars that are over the 4-metre length category. In a statement, the Finance Minister Arun Jaitley said that the Cess on luxury car...
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Auto Industry Seeks Two GST Rates For Passenger Vehicles
Currently, under the Goods and Services Tax (GST) regime, small petrol cars with engine capacity less than 1200cc attract 1 per cent cess, while diesel cars with engine capacity of less than 1500cc attract 3 per cent cess, on top of the 28 per cent tax.
-
Maserati Levante Petrol To Be Launched In India In 2018
A few weeks ago, we exclusively brought you the Rs 1.65 Crore price point that the Maserati Levante would be launched at. While these prices were set before the increase in GST rates, expect the new launch prices to be around the Rs 1.80 Crore mark. And with the official launch just around the corner, we have some more information on the Italian au...
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GST Cess: Volkswagen Vento And Tiguan Get A Price Revision
Following the GST Cess hike announced earlier this year, prices on the Volkswagen Vento sedan and Tiguan SUV have been revised across all variants. Prices on the Vento have increased between Rs. 4000 and Rs. 9000; whereas the Tiguan gets a significant price hike of Rs. 93,000 on the Comfortline trim and Rs. 1.04 lakh on the Highline trim.
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GST Cess: Ford Endeavour To Become More Expensive
Price of Endeavour has gone up in the range of Rs 1.2 lakh to Rs 1.8 lakh depending on the variant, while the impact on company's other models has not been much.
-
GST Cess: Jaguar Increases Prices For Luxury Cars And SUVs
Following the increase of cess from 15 per cent as part of the original GST rates (43 per cent tax - 28 per cent GST + 15 per cent cess) to 20 per cent cess for luxury cars and 22 per cent cess for SUV, Jaguar India has had to increase prices cross the range. The increase on the cars and SUVs ranges from about Rs 80,000 to about Rs 10 Lakh dependin...
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GST Cess: All Land Rover SUVs Get Price Hikes
Land Rover is possibly one of the most affected brands when it comes to the new GST cess rates in India. Considering the fact that all Land Rover vehicles are large SUVS that are longer than the 4-metre length requirement that is needed for a lower cess bracket, every single SUV has received a price hike. Prices of the newly launched Discovery too ...
-
GST Cess: Jeep Compass SUV Prices Increased By Upto Rs 72,000
With the new additional 7 per cent cess levied on all SUVs, manufactures in India have been forced to increase prices of their vehicles. The recently launched Jeep Compass SUV that has already seen over 10,00 bookings has also undergone a price hike. The Jeep Compass will be pricier by between Rs 21,000 to Rs 72,000 depending on the variant and eng...
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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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GST Cess: Honda Cars India Hikes Prices Across Range By Up To Rs. 89,000
Honda Cars India has hikes prices across its premium model range. The Honda City sedan, BR-V compact SUV and the CR-V SUV witness a price increase between Rs. 7003 and Rs. 89,069. The revised prices came into effect since September 11, a day after the GST council cleared additional compensation cess GST between 2-7 per cent on premium vehicles.
-
Government Notifies GST Cess Hike On Mid & Large Cars, SUVs
The effective GST rate on mid-size cars will be 45 per cent, and on large cars it would be 48 per cent. The rate will be 50 per cent on sports utility vehicles (SUVs), which include cars with length exceeding 4,000mm and having a ground clearance of 170mm and above.
-
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.
-
Big Change In Tax On SUVs In GST Council's Latest Meeting
The Goods and Services Tax (GST) Council on Saturday decided to have a single definition across all states in the country for sports utility vehicles, attracting a higher tax rate.
-
Car On Discount Promise Used To Dupe Hundreds, 7 Arrested: Delhi Police
The Delhi Police has busted a fake call centre running in Rohini and arrested seven people for allegedly duping hundreds by obtaining their bank account details on the promise of providing them with an SUV by paying just 1 per cent GST of its cost.
-
Jaguar Land Rover Seeks Reduction In GST Rates On Premium Sedans, SUVs
The Jaguar portfolio in India includes models like XE, XF, F-PACE and XJ while the Land Rover range includes the Discovery Sport, Range Rover Evoque among others.
-
GST Cess: Bill Allowing Cess Increase On Luxury Cars Passed By Lok Sabha
In yet another unexpected move, the Lok Sabha has approved a bill to hike Cess on luxury vehicles from 15 per cent to 25 per cent. The Cess will be applicable along with the 28 per cent GST that is already applicable on cars that are over the 4-metre length category. In a statement, the Finance Minister Arun Jaitley said that the Cess on luxury car...
-
Auto Industry Seeks Two GST Rates For Passenger Vehicles
Currently, under the Goods and Services Tax (GST) regime, small petrol cars with engine capacity less than 1200cc attract 1 per cent cess, while diesel cars with engine capacity of less than 1500cc attract 3 per cent cess, on top of the 28 per cent tax.
-
Maserati Levante Petrol To Be Launched In India In 2018
A few weeks ago, we exclusively brought you the Rs 1.65 Crore price point that the Maserati Levante would be launched at. While these prices were set before the increase in GST rates, expect the new launch prices to be around the Rs 1.80 Crore mark. And with the official launch just around the corner, we have some more information on the Italian au...
-
GST Cess: Volkswagen Vento And Tiguan Get A Price Revision
Following the GST Cess hike announced earlier this year, prices on the Volkswagen Vento sedan and Tiguan SUV have been revised across all variants. Prices on the Vento have increased between Rs. 4000 and Rs. 9000; whereas the Tiguan gets a significant price hike of Rs. 93,000 on the Comfortline trim and Rs. 1.04 lakh on the Highline trim.
-
GST Cess: Ford Endeavour To Become More Expensive
Price of Endeavour has gone up in the range of Rs 1.2 lakh to Rs 1.8 lakh depending on the variant, while the impact on company's other models has not been much.
-
GST Cess: Jaguar Increases Prices For Luxury Cars And SUVs
Following the increase of cess from 15 per cent as part of the original GST rates (43 per cent tax - 28 per cent GST + 15 per cent cess) to 20 per cent cess for luxury cars and 22 per cent cess for SUV, Jaguar India has had to increase prices cross the range. The increase on the cars and SUVs ranges from about Rs 80,000 to about Rs 10 Lakh dependin...
-
GST Cess: All Land Rover SUVs Get Price Hikes
Land Rover is possibly one of the most affected brands when it comes to the new GST cess rates in India. Considering the fact that all Land Rover vehicles are large SUVS that are longer than the 4-metre length requirement that is needed for a lower cess bracket, every single SUV has received a price hike. Prices of the newly launched Discovery too ...
-
GST Cess: Jeep Compass SUV Prices Increased By Upto Rs 72,000
With the new additional 7 per cent cess levied on all SUVs, manufactures in India have been forced to increase prices of their vehicles. The recently launched Jeep Compass SUV that has already seen over 10,00 bookings has also undergone a price hike. The Jeep Compass will be pricier by between Rs 21,000 to Rs 72,000 depending on the variant and eng...
-
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 ...
-
GST Cess: Honda Cars India Hikes Prices Across Range By Up To Rs. 89,000
Honda Cars India has hikes prices across its premium model range. The Honda City sedan, BR-V compact SUV and the CR-V SUV witness a price increase between Rs. 7003 and Rs. 89,069. The revised prices came into effect since September 11, a day after the GST council cleared additional compensation cess GST between 2-7 per cent on premium vehicles.
-
Government Notifies GST Cess Hike On Mid & Large Cars, SUVs
The effective GST rate on mid-size cars will be 45 per cent, and on large cars it would be 48 per cent. The rate will be 50 per cent on sports utility vehicles (SUVs), which include cars with length exceeding 4,000mm and having a ground clearance of 170mm and above.
-
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.
