Cars in India | Autoportal.com
Select City

GST Impact – List of cars you can now buy for cheaper!

GST Impact – List of cars you can now buy for cheaper!

Snapshot: With GST, some of the cars were expected to become cheaper and they will. Here's a list of cars and the effective tax rate

With GST coming into force from today, you can expect variation in the price of certain commodities. GST subsumes excise, VAT, infra cess, NCCD, CST etc. Cars, as expected, would also see an impact on final sale price due to the change in overall tax rate. So, which cars would be cheaper to buy, we’ve made a list.

In case of small cars, contrary to what we believed, the prices have reduced by Rs 6,500-15,000 since the effective tax rate has changed from 31.4% to 29%.

Mid-size category of vehicles, which includes cars like Vento, City, Ciaz, Verna etc. will also be cheaper by about Rs 30,000 due to change in rate from 46.6% to 43%. Tax rates for luxury cars have changed from 51.8% to 43%. Therefore, luxury cars like Jaguar XE, Mercedes-Benz C Class, S Class etc. would see a drop of around Rs 1,25,000 to 7,00,000 (see the list for the expected price drop range).

It’s probably the best news of the year for people who wish to purchase SUV in coming months as this class of cars would see a drop of 12.3% in rates and effective tax rate would reduce from 43% to 55.3%.

In the previous tax regime Hybrids and Micro-hybrids received tax benefit, it has ceased to be the case and this has made Hybrids expensive, The applicable tax rate has been changed from 30.3% to 43%.

Source: www.moneycontrol.com

Read - Five things worth knowing about Hyundai Verna 2017!

Chevrolet India Exit - How does it impact you!

Related car news

  • Impact of GST on Indian car market 16-06-2016 Pankaj Vig Impact of GST on Indian car market
  • Mitsubishi Pajero Sport price dropped by Rs 1.04 lakh post-GST 21-07-2017 Autoportal Team Mitsubishi Pajero Sport price dropped by Rs 1.04 lakh pos...
  • GST Impact on Price of Top 10 Hatchbacks in India 13-07-2017 Mayank GST Impact on Price of Top 10 Hatchbacks in India
  • GST Impact: Tata Motors Announce Price Reduction by 12 Percent 10-07-2017 Mayank GST Impact: Tata Motors Announce Price Reduction by 12 Pe...
  • Renault and Nissan slashes prices in India post GST 07-07-2017 Davender Soni Renault and Nissan slashes prices in India post GST
  • Post GST impact on Maruti, Toyota, BMW and JLR 07-07-2017 Davender Soni Post GST impact on Maruti, Toyota, BMW and JLR


Helpline