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What are the GST effect car prices?\r\n\r\nGoods and Service Tax to replace and merge Excise Duty, Infrastructure Cess, VAT Duty as One Entity called GST. While - Octroi would likely be abolished as GST is a destination based Tax.\r\nSmall Cars - Positive Impact of Car Prices 28% GST Chess. Small, small cars 1% to 2%\r\nMid Sedan, Mid SUV Range - 15% higher on luxury cars. We expect the existing layers to be based - the maximum additional 12% of the Chess Mid-Prix petrol cars.\r\nPrices for petrol cars - GST + are expected to be an additional luxury chess, with prices going up by 1% or higher. However, as for diesel cars - the complete impact of GSD scanners 5% to 1%\r\nLuxury high cars - which pays 43% of obligations, ranging from 5% to 1% for luxury petrol and luxury diesel cars. 2% to 3%.\r\nLuxury SUV Cars - This is 43% duty, which will become the biggest beneficiary. Expect the 5% to 6% price reduction of high-end luxury SUV cars - it will make the GST of the largest customer register.\r\nHybrid cars - up to 43% of the 40% duties, CIAz, Ertiga, Scorpio, Camry will not have any benefit.\r\nCurrently there are some state taxes and chees you pay to vary from state to state. For example a small petrol will pay you 26% tax in a state and another 34% pay. This made a difference in car prices from the state. Now, after the GST, the prices are the same in the states.\r\nThe GST effect in car prices varies greatly in state tax contracts in each state.\r\nTherefore, pricing of GST's cars depends on these tax scenarios, which will not result in loss of the federal government.\r\n\r\nREAD MORE : https://123gst.com/gst-registration/registering-in-gst
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