In the new tax rates under the GST bill, smalls cars will reportedly become expensive with 1% cess charged on top of 28% tax, while mid-sized cars will attract 3% cess. Luxury cars may become cheaper as the tax on such cars will come down to 42-45% from the current 52-55%. Full-size sedans like Honda City may become cheaper.
By Varun Vasudevan | May 19, 2017 8:55 PM #GST #Goods And Service Tax
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