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Gst Rates Latest News

  • Responding to a question during a CII virtual forum, the Finance Minister said that two-wheelers are "neither a luxury nor a sin good," and would merit a rate revision.
    "Two-Wheelers Merit A GST Rate Revision," Says FM Nirmala Sitharaman
  • Reduced GST rates will also help with better return-on-investment, making our market more lucrative for luxury carmakers.
    Budget 2019: Luxury Carmakers Demand Reduction In GST Rates
  • Honda Cars India has hikes prices across its premium model range. The Honda City sedan, BR-V compact SUV and the CR-V SUV witness a price increase between Rs. 7003 and Rs. 89,069. The revised prices came into effect since September 11, a day after the GST council cleared additional compensation cess GST between 2-7 per cent on premium vehicles.
    GST Cess: Honda Cars India Hikes Prices Across Range By Up To Rs. 89,000
  • The GST council has increased the cess rate on larger and mid-sized cars in India. Smaller cars with petrol engines upto 1200 cc and diesel engines upto 1500 cc have not been changed as expected. The GST rates for small cars continues to stay at 43%(28% GST+15% Cess) while a new mid size segment for cars has been created with a new total GST rate of 45%(28% GST+17% Cess). Luxury cars that are not SUVs have also been given a separate segment with a new GST rate of 48%(28% GST+20% Cess) while the SUV segment takes the worst brunt of the new decision with GST rates now pegged at an even 50%(28% GST+22% Cess). Essentially, rates for mid-size cars are up b5 2%, luxury cars are up by 5% and SUVs are up by 7%.
    GST Rates: Cess On Larger Cars, SUVs Increases, Small Cars Unaffected
  • It seems that the discontinuation of Ford Endeavour's manual variants might just have been temporary. As per a leaked document from Ford India to its dealers, the automaker has listed prices of the discontinued variants as part of the new post-GST pricing.
    Post GST Ford Endeavour Manual Variant Prices Listed In A Leaked Document

Reviews

  • Carmakers in the country believe the reduction in interest rates announced by State Bank of India (SBI) and HDFC Bank is not enough to help in increasing sales. A consortium led by Maruti Suzuki India said the complete benefits of RBI's rate cuts should be passed on.
    Carmakers: Interest Rates on Car Loans Should be Reduced Further