Goods & Services Tax (GST) Updates

Rahil Ansari, head, Audi India said taxes on the automobile sector were already very high and that the industry expected its unfulfilled potential to increase after the implementation of GST and rationalization of taxes. “Even if the rumoured cess hike of 10% was not concluded, prices will go up again, which is disappointing. We will need to study the impact of this hike on buyer sentiment.”

huh? are prices actually less now(after recent increase in cess) than pre gst ?

they say taxes are still below pre gst levels but still prices will increase?
 
GST Rates Raised For Automobiles But Some Relief For Consumers Maintained

Small Cars
1200 cc petrol cars: Had 3 percent tax advantage. GST Council maintains status quo.
1500 cc diesel cars: Had 3 percent tax advantage: GST Council maintains status quo.

Mid-Sized Cars
Post GST the rate had fallen from 48 percent to 43 percent: GST Council decided to raise overall GST rate to 45 percent.

Large Cars
Had 8 percent tax advantage: GST Council has increased cess by 5 percent.

Sports Utility Vehicles
Had 11 percent advantage: GST Council has increased cess by 7 percent.

Vehicles with 13 seats: Status quo maintained

Hybrids: Status quo maintained.
 


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