Bigger Cars and SUVs to benefit under GST regime: ICRA - GaadiKey

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 

 

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Author: Chethan Thimmappa

I cover latest automobile news in India with special focus on cars and bikes. Please send me an email to reach@gaadikey.com for any enquiries. Follow me on twitter and facebook as well!

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