New GST Rates on Cars: Check Complete List! From Maruti Alto to Grand Vitara, Hyundai Creta, Mahindra Thar and More
- Small car prices may decrease by up to Rs 1 lakh due to GST rate cuts, stimulating demand in smaller cities during the festive season.
- The GST rate changes apply new slabs of 5% and 18%, effective September 22, which will lower acquisition costs for various vehicle categories, improving affordability for first-time buyers.
- Industry leaders believe the GST changes will boost accessibility for first-time buyers and middle-income families, enhancing mobility options.
14 Articles
14 Articles
GST new slabs: Buyers to save up to Rs 1 lakh on small cars, bikes
Hyderabad: The recent changes in GST slabs will benefit the middle-class, as small cars (under 4 meters) now attract 10 percent less tax and bikes to become more affordable. Earlier, the government raised the income tax exemption limit to Rs 12 lakh and reduced interest rates, providing much relief to the common man. However, taxes have been increased on big bikes and luxury cars. Also ReadGST Council begins work to rejig tax rates; Oppn states …
New GST rates on cars: Check complete list! From Maruti Alto to Grand Vitara, Hyundai Creta, Mahindra Thar and more
The GST Council's decision to reduce vehicle tax rates to 18% and 40% aims to enhance affordability and stimulate demand, especially during the festive season. This move is expected to benefit first-time buyers and middle-income families in India's automotive sector.
Major GST Reduction on Vehicles – What a ₹10 Lakh Car Will Cost Now - PUNE PULSE
After years of demand from both automakers and buyers, the Indian government has finally taken a bold step to simplify the GST structure. With the introduction of just two GST slabs across sectors, the automobile industry is one of the biggest winners in this tax revamp. This change is not just a technical shift—it’s expected
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