However; as a consumer it makes sense to postpone the purchase till the passage of GST bill as it can bring lot of benefit for the end user in form of price reduction. Have a look at below image and see that how car prices are going to be impacted.
Current tax burden for carmakers:
- Excise duty of 12.5-30 per cent that goes to the central exchequer.
- VAT or Value Added Tax of 12-14.5 per cent that goes to the state government.
- Cess 1-4 per cent.
Add more cash to your pocket using our best intraday tip and be free with profit before 11:30 AM every day.