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Home : Technology : Automobiles : Goods and Services Tax (GST) in automobile sector, Know more
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Goods and Services Tax (GST) in automobile sector, Know more

By: Team Ifairer | Posted: 27-04-2017
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Goods and Services Tax (GST) in automobile sector, Know moreGoods and Services Tax (GST) in automobile sector, Know more
Goods and Services Tax (GST) in automobile sector, Know more, goods and services tax (gst) in automobile sector, know more about gst in automobile sector, details on goods and services tax in automobile sector, ifairer
However, small cars or the entry segment cars are likely to see a marginal increase in price. Small cars currently attract a 12.5 per cent central excise duty. Another 14.5-15 per cent VAT is levied by states, taking the total tax incidence to 27-27.5 per cent. A senior finance ministry official said the closed slab for this category of cars would be 28 per cent, resulting in a small increase in price.
 
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