GST AND ITS EFFECTS ON PRE-OWNED VEHICLE MARKET! ~ Shriram Automall - Power of Choice - 0 views
-
Shriram Automall on 18 Jul 17Today 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.