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Shriram Automall

DRIVING TRUCK IN INDIA IS GOING TO BE COOL FROM APRIL 1! ~ Shriram Automall - Power of ... - 0 views

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    Under motor vehicle act, Government amends it mandatory for manufacturers to fit AC's in the driver's cabin of all new trucks sold from 1 April 2017. In India truck drivers spend long hours in long-distance hauling even in adverse environmental condition like extreme cold or extreme heat, which is quite a tiresome job. But with AC being mandatory in all the trucks, drivers can now take a sigh of some relief along. As "Air-conditioning in trucks is not a comfort or a luxury feature but a feature that can prevent many serious road accidents, while making drivers cover more kilometers with less or no driver fatigue & more comfort & attention on road.
Shriram Automall

Luxury car game will not be so strong if GST with higher cess gets implemented! ~ Shrir... - 0 views

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    It's no new news that India has proved to be a robust market for British luxury cars. Lately the industry has witnessed the further hike in exports or luxury cars from UK to India. But now the cess on sports utility vehicles and luxury cars is likely to be increased to 25 % from the current 15 %, making these vehicles more expensive. The Goods and Services Tax (GST) Council has taken a decision to this effect but has not discussed this yet. The increase in the cess will take the effective tax rate on these cars to 53 %.
Shriram Automall

GST AND ITS EFFECTS ON PRE-OWNED VEHICLE MARKET! ~ Shriram Automall - Power of Choice - 0 views

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    Today is a historic day for our country. GST has finally been rolled out. Our dream of one nation one tax has come true. All the multiple state and central taxes go out and are replaced by with a single levy. Cars falling under luxury bracket will attract 28% flat GST. Over and above, an extra cess of 1, 3 or 15 per cent is proposed depending on the classification of cars. This has brought the earlier tax hit down making these cars marginally cheaper. Two-wheeler prices are also expected to come down owing to the lowering in the total tax imposed on these vehicles.
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