Luxury Cars Gst Rates
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"Two-Wheelers Merit A GST Rate Revision," Says FM Nirmala Sitharaman
Responding to a question during a CII virtual forum, the Finance Minister said that two-wheelers are "neither a luxury nor a sin good," and would merit a rate revision.
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High Tax On Luxury Cars Restricting Market, Preventing Local Assembly Of More Models: Jaguar Land Rover India
The auto industry has been going through a slump in volumes since the past eight months and sales continue to remain disappointing as we move into the ninth month of this de-growth. Luxury carmakers have been equally affected by the slowdown and manufacturers collectively asked for relief in the GST rates that might work as a short in the arm for t...
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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: 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.
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GST Rates: Cess On Larger Cars, SUVs Increases, Small Cars Unaffected
The GST council has increased the cess rate on larger and mid-sized cars in India. Smaller cars with petrol engines upto 1200 cc and diesel engines upto 1500 cc have not been changed as expected. The GST rates for small cars continues to stay at 43%(28% GST+15% Cess) while a new mid size segment for cars has been created with a new total GST rate o...
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Cars, Common Use Items On GST Council Radar Today: 10 Things To Watch Out For
The 21st meeting of the GST Council is likely to consider lowering tax rates on over two dozen products.
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10 Per Cent Cess Hike On Larger Cars & SUVs: Ten Things To Know
The new Goods and Services Tax regime had seen a realignment of taxation in the passenger car space to 28 per cent GST. However different segments of vehicles also attracted an additional cess - 1 per cent for small petrol cars / 3 per cent for small diesel cars (under 4 metres in length and certain engine capacity), and 15 per cent for larger cars...
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SUV Cess Raised To 25% From 15%, Will Also Apply To Luxury Cars
The government today approved raising a levy on luxury cars and sports utility vehicles to 25 per cent from 15 per cent, a government official said.
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Cabinet May Consider Ordinance On GST Cess Hike Tomorrow
The GST Council, the apex tax rate setting body under the Goods and Services Tax (GST) regime, had on August 5 approved raising cess on SUVs, mid-sized, large and luxury cars that had become cheaper post GST rollout on July 1.
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GST Effect: Tata Hexa, Tiago, Tigor Now Cheaper As Tata Announces Price Cut Of Up To Rs. 2.17 Lakh Across Range
After Maruti Suzuki, Ford and Honda announced price cuts, Tata Motors is the latest manufacturer to join the list due to the GST effect and has slashed prices between Rs. 3300 and Rs. 217,000 depending on the model and variant.
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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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Luxury Cars Get Cheaper; Carmakers Pass On GST Benefit To Customers
Mercedes-Benz India and couple of other luxury carmakers have announced special GST benefits for customer on their Made-in-India vehicles. Apart for GST benefits some are also offers additional discounts.
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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.
-
"Two-Wheelers Merit A GST Rate Revision," Says FM Nirmala Sitharaman
Responding to a question during a CII virtual forum, the Finance Minister said that two-wheelers are "neither a luxury nor a sin good," and would merit a rate revision.
-
High Tax On Luxury Cars Restricting Market, Preventing Local Assembly Of More Models: Jaguar Land Rover India
The auto industry has been going through a slump in volumes since the past eight months and sales continue to remain disappointing as we move into the ninth month of this de-growth. Luxury carmakers have been equally affected by the slowdown and manufacturers collectively asked for relief in the GST rates that might work as a short in the arm for t...
-
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: 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: Cess On Larger Cars, SUVs Increases, Small Cars Unaffected
The GST council has increased the cess rate on larger and mid-sized cars in India. Smaller cars with petrol engines upto 1200 cc and diesel engines upto 1500 cc have not been changed as expected. The GST rates for small cars continues to stay at 43%(28% GST+15% Cess) while a new mid size segment for cars has been created with a new total GST rate o...
-
Cars, Common Use Items On GST Council Radar Today: 10 Things To Watch Out For
The 21st meeting of the GST Council is likely to consider lowering tax rates on over two dozen products.
-
10 Per Cent Cess Hike On Larger Cars & SUVs: Ten Things To Know
The new Goods and Services Tax regime had seen a realignment of taxation in the passenger car space to 28 per cent GST. However different segments of vehicles also attracted an additional cess - 1 per cent for small petrol cars / 3 per cent for small diesel cars (under 4 metres in length and certain engine capacity), and 15 per cent for larger cars...
-
SUV Cess Raised To 25% From 15%, Will Also Apply To Luxury Cars
The government today approved raising a levy on luxury cars and sports utility vehicles to 25 per cent from 15 per cent, a government official said.
-
Cabinet May Consider Ordinance On GST Cess Hike Tomorrow
The GST Council, the apex tax rate setting body under the Goods and Services Tax (GST) regime, had on August 5 approved raising cess on SUVs, mid-sized, large and luxury cars that had become cheaper post GST rollout on July 1.
-
GST Effect: Tata Hexa, Tiago, Tigor Now Cheaper As Tata Announces Price Cut Of Up To Rs. 2.17 Lakh Across Range
After Maruti Suzuki, Ford and Honda announced price cuts, Tata Motors is the latest manufacturer to join the list due to the GST effect and has slashed prices between Rs. 3300 and Rs. 217,000 depending on the model and variant.
-
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.
-
Luxury Cars Get Cheaper; Carmakers Pass On GST Benefit To Customers
Mercedes-Benz India and couple of other luxury carmakers have announced special GST benefits for customer on their Made-in-India vehicles. Apart for GST benefits some are also offers additional discounts.
-
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.
