Gst Rate On Cars News

Industry

India should be tech agnostic, says Toyota on shift towards electric vehicles

Toyota Kirloskar Motor vice chairman Shekar Viswanathan has called for equal GST on hybrid cars and electric vehicles

1 min read14 Nov 2017
Market

100 days of GST: Smooth ride ahead as auto firms swiftly align to new tax regime

Strong demand for cars, proactive vendor and dealer networks along with a well-oiled logistics setup have minimized the GST impact on automobile industry

2 min read4 Oct 2017
Industry

Car sales surge in August in anticipation of GST cess hike

Car sales in August grew 13.76%, mainly led by demand of UVs, as customers advanced purchases in anticipation of car prices going up due to GST cess hike

1 min read12 Sep 2017
Industry

GST cess on luxury cars, SUVs set to rise as govt approves ordinance

Union Cabinet has approved an ordinance that raises GST cess on luxury cars and SUVs to 25% from 15%, taking the total GST on such cars to 53%

3 min read31 Aug 2017
Industry

Branded used car firms lobbying for lower GST rate

Maruti True Value, Mahindra FirstChoice, Tata Motors, Big Boy Toyz have made individual and group representations to GST Council to revisit the tax structure

2 min read29 Aug 2017
Industry

Govt all set to hike GST cess on luxury cars, via ordinance

The ordinance will allow the government to hike GST cess on luxury cars and SUVs to restore tax revenue from the auto industry

2 min read21 Aug 2017
Opinion

A messy GST, and the road ahead

The current structure of the goods and services tax (GST) is seriously flawed, the result of messy political bargaining

3 min read16 Aug 2017
Companies

Mercedes cars are expensive because of taxation: CEO Roland Folger

Mercedes-Benz India CEO Roland Folger is upset by the proposed hike in cess on luxury cars to 25% from 15% over and above the GST rate of 28%

3 min read14 Aug 2017
Industry

Hike in GST cess on luxury cars will dent Make in India, say carmakers

GST Council's plan to hike cess on luxury cars and SUVs from 15% to 25% will result in production cuts, job losses and dent 'Make in India' initiative, say auto firms

3 min read8 Aug 2017
Industry

Passenger vehicle sales slump in June on GST fears

Sales of passenger vehicles in June declined the sharpest since March 2013 as dealers stayed away from buying stock due to ambiguity over GST

3 min read11 Jul 2017
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