1GST Effects On Cars
With just one day left to go for the Goods And Services Tax or GST to be rolled out, things are now getting pretty serious. The new GST structure will bring a standardized taxation policy and abolish the likes of excise duties and VAT. In fact, a lot of questions and concerns are being voiced regarding the GST effect on cars and SUVs across various segments and also how it will impact the prices of current and upcoming models. While we have already told you the GST effect on two-wheeler prices, here is a detailed overview of how cars and SUVs will be affected by the new tax including a category-by-category breakup of which car slab becomes cheaper and those that become more expensive.