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GST Council Meeting Highlights: Movie Tickets, Video Games To Be Cheaper, Says Arun Jaitley
The Goods and Services Tax (GST) Council on Saturday cut rates of 33 items from 18 per cent to 12 per cent and 5 per cent, Puducherry Chief Minister V Narayanasamy said, following a meeting chaired by Finance Minister Arun Jaitley. The meeting at Vigyan Bhawan was attended by finance ministers all the states.
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GST On Batteries For Electric Cars Reduced From 28 To 18 Per Cent
The GST Council, set up by the Indian Government has reduced the GST rate on lithium-ion batteries for electric cars from 28 per cent to 18 per cent. Although this reduction is not as drastic as predicted earlier, the 10 per cent rate in reduction of GST on these batteries will help reduce the overall price of electric vehicles in India.
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New Quadricycle Vehicle Category Approved By Indian Government
A new category of small vehicles - Quadricycles, has been approved by the Indian government and in particular the Ministry Of Road Transport and Highways. This new category, which will mainly be used to classify small four wheeled personal vehicles (or commercial vehicles) will have to pass a list of emissions, crash and other norms which will be l...
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GST Cess: Diesel Maruti Suzuki Ciaz, Ertiga Prices Not Affected
The Ciaz diesel features a technology called SHVS or Smart Hybrid Vehicle System that classifies the sedan as a hybrid car and not just standard internal combustion engine automobile. All hybrid cars are classified at 43 per cent total GST which includes 28 per cent GST and 15 per cent cess that was originally levied on cars when the new tax struct...
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GST Cess: Maruti Suzuki Ciaz Petrol And S-Cross To Become More Expensive
The prices for the Maruti Suzuki Ciaz petrol and Maruti Suzuki S-Cross will be increased soon due to the GST council recently announcing that different segments of cars will be taxed differently under the new GST rates as per body style. After originally pegging the GST rate for cars above 4 meters to a standard 43 per cent which included a 28 per ...
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SIAM Relieved At New Cess Rates, Welcomes Differential Taxes On Hybrids
The Society of Indian Automobile Manufacturers (SIAM) is relieved that a flat 25 per cent GST cess has not been imposed on all larger cars. SIAM however says that taxation on mid-sized passenger cars has almost been restored to pre-GST levels.
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GST Cess Hike In Cars To Take Effect From Today
Notification regarding increase in the effective rates of the Compensation Cess on specified motor vehicles will be issued on September 11, 2017, effective from 00 hours the same day.
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GST Rates: Cess On Larger Cars, SUVs Increases, Small Cars Unaffected
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 o...
-
GST Rates For Hybrid Vehicles May Be Reduced
On July 1, 2017, the Government of India rolled out the Goods and Services Tax reforms. GST, one of the biggest economic reforms in recent Indian history had several implications with certain products and services becoming considerably more expensive as compared to earlier. The auto industry though rejoiced as the new country wide rates made it eas...
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GST Rates: Despite Increased Tax Rates Volvo Cars Will Continue To Push For Hybrids
Volvo Cars has said it will continue to push for hybrid and electric vehicles in India despite disappointing high tax rate on such vehicles under GST.
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Toyota Says No change In Plans For Hybrid Vehicles Post GST
Toyota Kirloskar Motor (TKM) today said it will not change its plans for hybrid vehicles in India despite increase in tax rates on the category of vehicles under GST resulting in higher prices. Under the new tax regime, prices of the company's popular hybrid sedan Camry have gone up by an average of Rs. 3 lakh.
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GST Effect: Toyota Innova Crysta, Fortuner, Corolla Altis Get Cheaper
Toyota Kirloskar Motors have announced a massive price drop across almost every single model in its variety of cars offered for the Indian market. The price drop is due to GST taxes coming into play and offering a price drop across all conventional internal combustion engine powered automobiles. The price drop across due to GST impact for Toyota ca...
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GST Rates: Planning To Buy A Car? Here's How GST Will Affect Your Plans
The new GST rates are coming to effect from the 1st of July 2017 and while many models will see a decline in car prices, there are few that are set to become more expensive. Here's how GST on cars in India will affect your plans to buy a new car.
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Anant Geete To Take Up Lowering Of GST Rate On Hybrids With Jaitley
Finance Minister Arun Jaitley had earlier hinted that the tax rate on hybrid cars will not be reviewed, saying the industry demands were not in sync with a study conducted by tax officers.
-
Arun Jaitley Hints At No Review Of GST Rate On Hybrid Cars
Even though hybrid cars are exempt from infrastructure cess, there is a 1 per cent National Calamity Contingent Duty, 2 per cent Central Sales Tax and 12.5 per cent VAT, which takes the total incidence to 30.3 per cent.
-
GST Council Meeting Highlights: Movie Tickets, Video Games To Be Cheaper, Says Arun Jaitley
The Goods and Services Tax (GST) Council on Saturday cut rates of 33 items from 18 per cent to 12 per cent and 5 per cent, Puducherry Chief Minister V Narayanasamy said, following a meeting chaired by Finance Minister Arun Jaitley. The meeting at Vigyan Bhawan was attended by finance ministers all the states.
-
GST On Batteries For Electric Cars Reduced From 28 To 18 Per Cent
The GST Council, set up by the Indian Government has reduced the GST rate on lithium-ion batteries for electric cars from 28 per cent to 18 per cent. Although this reduction is not as drastic as predicted earlier, the 10 per cent rate in reduction of GST on these batteries will help reduce the overall price of electric vehicles in India.
-
New Quadricycle Vehicle Category Approved By Indian Government
A new category of small vehicles - Quadricycles, has been approved by the Indian government and in particular the Ministry Of Road Transport and Highways. This new category, which will mainly be used to classify small four wheeled personal vehicles (or commercial vehicles) will have to pass a list of emissions, crash and other norms which will be l...
-
GST Cess: Diesel Maruti Suzuki Ciaz, Ertiga Prices Not Affected
The Ciaz diesel features a technology called SHVS or Smart Hybrid Vehicle System that classifies the sedan as a hybrid car and not just standard internal combustion engine automobile. All hybrid cars are classified at 43 per cent total GST which includes 28 per cent GST and 15 per cent cess that was originally levied on cars when the new tax struct...
-
GST Cess: Maruti Suzuki Ciaz Petrol And S-Cross To Become More Expensive
The prices for the Maruti Suzuki Ciaz petrol and Maruti Suzuki S-Cross will be increased soon due to the GST council recently announcing that different segments of cars will be taxed differently under the new GST rates as per body style. After originally pegging the GST rate for cars above 4 meters to a standard 43 per cent which included a 28 per ...
-
SIAM Relieved At New Cess Rates, Welcomes Differential Taxes On Hybrids
The Society of Indian Automobile Manufacturers (SIAM) is relieved that a flat 25 per cent GST cess has not been imposed on all larger cars. SIAM however says that taxation on mid-sized passenger cars has almost been restored to pre-GST levels.
-
GST Cess Hike In Cars To Take Effect From Today
Notification regarding increase in the effective rates of the Compensation Cess on specified motor vehicles will be issued on September 11, 2017, effective from 00 hours the same day.
-
GST Rates: Cess On Larger Cars, SUVs Increases, Small Cars Unaffected
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 o...
-
GST Rates For Hybrid Vehicles May Be Reduced
On July 1, 2017, the Government of India rolled out the Goods and Services Tax reforms. GST, one of the biggest economic reforms in recent Indian history had several implications with certain products and services becoming considerably more expensive as compared to earlier. The auto industry though rejoiced as the new country wide rates made it eas...
-
GST Rates: Despite Increased Tax Rates Volvo Cars Will Continue To Push For Hybrids
Volvo Cars has said it will continue to push for hybrid and electric vehicles in India despite disappointing high tax rate on such vehicles under GST.
-
Toyota Says No change In Plans For Hybrid Vehicles Post GST
Toyota Kirloskar Motor (TKM) today said it will not change its plans for hybrid vehicles in India despite increase in tax rates on the category of vehicles under GST resulting in higher prices. Under the new tax regime, prices of the company's popular hybrid sedan Camry have gone up by an average of Rs. 3 lakh.
-
GST Effect: Toyota Innova Crysta, Fortuner, Corolla Altis Get Cheaper
Toyota Kirloskar Motors have announced a massive price drop across almost every single model in its variety of cars offered for the Indian market. The price drop is due to GST taxes coming into play and offering a price drop across all conventional internal combustion engine powered automobiles. The price drop across due to GST impact for Toyota ca...
-
GST Rates: Planning To Buy A Car? Here's How GST Will Affect Your Plans
The new GST rates are coming to effect from the 1st of July 2017 and while many models will see a decline in car prices, there are few that are set to become more expensive. Here's how GST on cars in India will affect your plans to buy a new car.
-
Anant Geete To Take Up Lowering Of GST Rate On Hybrids With Jaitley
Finance Minister Arun Jaitley had earlier hinted that the tax rate on hybrid cars will not be reviewed, saying the industry demands were not in sync with a study conducted by tax officers.
-
Arun Jaitley Hints At No Review Of GST Rate On Hybrid Cars
Even though hybrid cars are exempt from infrastructure cess, there is a 1 per cent National Calamity Contingent Duty, 2 per cent Central Sales Tax and 12.5 per cent VAT, which takes the total incidence to 30.3 per cent.
