GST effect: Maruti Suzuki's take on the new taxation regulation in India
The new tax regulations for the auto industry have been laid down by the Government of India. While the previous taxation system included the excise duty, various forms of cess, VAT and NCCD, Goods and Service Tax (GST) will have only one tax and a certain percentage of cess. While many have applauded this decision, some manufacturers have expressed disappointment based on the portfolio of cars they sell in India. Depending on whether its a small car or even for that matter hybrids, the prices have either gone up or increased significantly. While you can read more about how GST impacts the automotive sector overall on this link Here is what Maruti Suzuki has to say on the subject.
" The ex-showroom prices of Maruti Suzuki models have come down by upto 3%. The rate of reduction varies across locations depending on the VAT rates applicable prior to GST. Owing to withdrawal of tax concessions on mild hybrid vehicles, the price of Smart Hybrid Ciaz diesel and Smart Hybrid Ertiga diesel has increased."
Starts Rs 7.44 Lakhs
- NewsShell India and Gordon Murray Design unveil pre-production OX Truck
- News2019 FIA F3 Championship: Jehan Daruvala to drive for Prema Racing
- NewsThe Nissan GT-R50 by Italdesign concept is headed to production in 2019
- NewsTata Harrier SUV seven-seater version to debut in 2019, one of three major Tata launches next year
- NewsImage gallery: 2019 Skoda Scala
- News2019 Skoda Scala premium hatchback unveiled internationally
- NewsSuzuki Motorcycle India crosses the 40 lakh sales milestone
- Review2019 Tata Harrier first drive review
- NewsKia Motors India donates Niro Hybrid, Niro PHEV and Niro EV to Andhra Government, signs MoU
- NewsWatch the Skoda Scala hatchback's international debut here live