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Hike in GST cess makes cars expensive

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NEW DELHI, Aug 30: The Cabinet today increase the cess on mid-size, large cars and SUVs from 15 per cent to 25 per cent under the new GST regime.

With GST prices of most SUVs were cut between Rs 1.1 lakh and Rs 3 lakh which will increase in cess, the cuts will be reversed.

The GST council, the apex tax rate setting body under the Goods and Services Tax (GST) regime raised the cess with the amedment to the Schedule of section 8 of the GST (Compensation to a State) Act, 2017.

It had approved on August 5 to raise cess on SUVs, mid-sized, large and luxury cars that had become cheaper post GST rollout on July 1.

Under GST, a cess was levied on demerit goods like cars, tobacco, and coal to compensate the loss of revenue.

Cars attract the top tax rate of 28 per cent. On top of this, a cess of 1 to 15 per cent is levied for the creation of the state compensation corpus.

The date for implementing the hike in the upper limit of the cess from 15% to 25% will be decided by the GST Council when it meets in Hyderabad on September 9.

Presently, large motor vehicles, SUVs, mid-segment cars, large cars, hybrid cars and hybrid motor vehicles attract a cess of 15 per cent over the 28 per cent GST rate.

Small petrol cars of less than 4 meters and 1,200 cc attract a cess of 1 per cent, while small diesel cars of less than 4 meters and 1,500 cc engine attract a cess of 3 percent.

GST Scenario 

GST present slab and upcoming slab rate on cars:-

Existing GST Rates Rate Classification
Petrol Cars with Engine < 1.2 Litre 28% + 1% Cess Petrol Cars for Mass Market
 Diesel Cars with Engine < 1.5 Litre 28% + 3% Cess Diesel Cars for Mass Market
 All other Cars 28% + 15% Cess All other Cars
GST Rates post New Development Rate Classification
Compact Petrol Cars with Engine < 1.2 Litre 28% + 1% Cess Compact Petrol Cars under 4 Meter
Compact Diesel Cars with Engine < 1.5 Litre 28% + 3% Cess Compact Diesel cars with Length < 4 Meter
Mid Segment Cars with Engine < 1.5 Litre 28% + 25% Cess Cars with Length > 4 Meter

Based on Existing Slabs, expected Category

 

GST Impact after increase in 10% Cess

Models Price Hike
Maruti Baleno, Honda Jazz, WRV, I20, Ford Ecosport, Maruti Brezza or Segment lower cars etc No Price Hike
Honda City, Hyundai Verna, Maruti Ciaz, Renault Duster, Nissan Terrano etc Rs 70K to Rs 1 Lakh
Mahindra XUV 500, Tata Hexa, Tata Safari Storme, Toyota Innova Crysta, Skoda Octavia, Toyota Corolla, Jeep Compass Rs 90K to Rs 1.5 Lakh
Toyota Fortuner, Ford Endevaour, Skoda Superb, VW Tiguan Rs 2 Lakh to Rs 2.5 Lakh
Audi Q3, A4, A6, BMW X1, 3 Series, GT,  Benz C, E, GLE, GLA Class Rs 2.5 Lakh to Rs 4 Lakh

 

Wefornews Bureau

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SRK shows support for Swacch Bharat Abhiyan, unveils portable bin for cars

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New Delhi, Feb 9: Superstar Shah Rukh Khan on Thursday showed support for Prime Minister Narendra Modi’s Swachh Bharat Abhiyan by unveiling ‘Swachh Can’, a portable bin for users of Hyundai cars.

It was launched under Hyundai Motor India Limited’s ‘Swachh Move’ that supports Modi’s cleanliness campaign.

Image result for SRK unveils portable bin for cars

Image result for SRK unveils portable bin for cars

“‘Swachh Can’ is a simple yet powerful idea and I would like to request every single car owner to go ahead and use it and play their role in the Clean India Movement,” Shah Rukh, dressed in a black and white suit with a waistcoat, said at the Auto Expo at the India Expo Mart in Greater Noida, on Thursday.

Shah Rukh, also the Hyundai Corporate Brand Ambassador, has even taught his youngest son AbRam to focus on cleanliness and be a part of the cleanliness movement.

YK Koo, Managing Director and CEO, Hyundai Motor India Ltd, said: “We recently conducted a survey of car owners and found 98 per cent respondents care about cleanliness of outside infrastructure such as streets, and more than 95 per cent respondents favoured they would prefer a portable covered bin inside the car in which waste items could be disposed off. This led us to innovation of ‘Swachh Can.”

Starting from March 1, the Hyundai product line-up will come with a factory-fitted ‘Swachh Can’.

IANS

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Auto Expo 2018: Mercedes-Benz launches Maybach S 650

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Auto Expo Mercedes-Benz Maybach S 650

New Delhi, Feb 7: Luxury automobile major Mercedes-Benz on Wednesday launched its Mercedes Maybach S 650 and teased its E-Class All-Terrain model for its upcoming India debut.

The company also launched its Made-in-India BS-VI Mercedes Maybach S 560 to continue Maybach’s popularity in India.

While the S 650 model would cost Rs 2.73 crore (ex-showroom), the S 560 would be priced at Rs 1.94 crore, the company said.

The luxury car brand also showcased it futuristic electric vehicle “EQ concept”.

The company made the announcement at the pre-open event of the 14th Auto Expo.

The “Auto Expo — The Motor Show” 2018 is being held from February 9-14, , at the India Expo Mart, Greater Noida.

However, February 7-8 is reserved for the media and exhibitors.

Also Read: Auto Expo: Kia Motors debuts in India to launch vehicle in 2019

Also Read: Tata Motors’ new SUV will be on show at Auto Expo

Also Read: Auto Expo: Hyundai to launch 9 models till 2020

Also Read: From emoji to livestreams, Twitter gears up for ‘Auto Expo 2018’

IANS

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Auto Expo: Hyundai to launch 9 models till 2020

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New Delhi, Feb 7: Automobile major Hyundai Motor India unveiled the new Elite i20 at the pre-open event of the 14th Auto Expo in Greater Noida on Wednesday. The company also said that it will launch nine new models, including an electric vehicle in the Indian market by 2020. 

The company made the announcement at the pre-open event of the 14th Auto Expo.

The “Auto Expo — The Motor Show” 2018 is being held from February 9-14, 2018 at the India Expo Mart, Greater Noida.

However, February 7-8 is reserved for the media and exhibitors.

Over the years, the Auto Expo has become much less of an event and more of a phenomenon considering that in 2016, the ‘2016 Auto Expo’ was the third most searched topic on Google in India as per Google records. Engaging the populace through a flash-flood of media, with over 2.9 lakh tweets being generated around the Expo in 2018, the 2016 edition saw over 7 lakh people in 7 days, Preparations this year will encompass 8 lakh visitors over the 7-day period.

Also Read: Auto Expo: Kia Motors debuts in India to launch vehicle in 2019

Also Read: Tata Motors’ new SUV will be on show at Auto Expo

Also Read: From emoji to livestreams, Twitter gears up for ‘Auto Expo 2018’

WeForNews

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