How much do car prices decrease after GST?

How much do car prices decrease after GST?

All the cars which fall under the body length category of less than 4 metres and the engine capacity of less than 1.2 litres petrol will see a decrease of 2.5% tax as they had been earlier taxed at the rate of 31.5% but will now be taxed under the tax slab of 28%+ 1% cess that is 29%. These cars includes Nano, Alto, Swift, WagonR, i20 Elite, etc.

Further, all the cars which fall under the body length category of less than 4 metres and the engine capacity of less than 1.5 litres diesel will see a decrease of 2.25% tax as they had been earlier taxed at the rate of 33.25% but will now be taxed under the tax slab of 28%+ 3% cess that is 31%. These cars includes Ameo, Baleno, Dzire, etc.

Further, all the cars which fall under the body length category of less than 4 metres and the engine capacity of more than 1.2 litres petrol and 1.5 litres diesel will see a decrease of 1.7% tax as they had been earlier taxed at the rate of 44.7% but will now be taxed under the tax slab of 28%+ 15% cess that is 43%. It includes Ford EcoSport.

Also, all the cars which fall under the body length category of more than 4 metres and the engine capacity of more than 1.2 litres petrol and 1.5 litres diesel will see a decrease of 8.6% tax as they had been earlier taxed at the rate of 51.6% but will now be taxed under the tax slab of 28%+ 15% cess that is 43%. It includes Honda City, E-corolla, E-class, S-class, Vento, etc.

Also, there would be a decrease of 12% tax on all the SUV’s which earlier were imposed a total tax of 55% but will now witness 28% + 15% cess which is 43%. It includes Creta, Fortuner, X5, etc.

Also, all the electric cars would be imposed 8.5% less tax as earlier they were taxed under 20.5 % but now will be taxed at 12%. It includes cars like e20, eVerito.


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