The small car prices may come down significantly if the standard rate of 17-18% for most goods and services tax is accepted, which is recommended by the government appointed panel.
Manufacturers which are currently paying 30-50% tax on cars are likely to transfer benefits of lower taxes to consumers.
The luxury cars are not included in the general category of standard rate of 17-18% for goods and services.Only small cars from the automobile industry will benefit from the GST.
Manufacturers which are currently paying 30-50% tax on cars are likely to transfer benefits of lower taxes to consumers.
The luxury cars are not included in the general category of standard rate of 17-18% for goods and services.Only small cars from the automobile industry will benefit from the GST.
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