Bigger Cars and SUVs to benefit under GST regime: ICRA

Bigger Cars and SUVs to benefit under GST regime: ICRA

• Passenger Vehicles: Taxation on Bigger Cars and SUVs to reduce; Hybrid vehicles to cost more
• Bigger Cars and SUVs are major beneficiaries under GST
• GST rates likely to be neutral for Two Wheeler OEMs according to ICRA
• Motorcycles above 350cc will attract an additional cess of 3%
• ICRA feels GST rates likely to be neutral for CV OEMs barring the additional cess proposed on mini-buses, which will be reviewed in due course

Download full report of ICRA on Impact of GST  on automobile industry