is gst is applicable for cars and how will it be applicable
5 Replies
Lekhu Nyoliwala
(92 Points)
Replied 28 May 2017
Yes. The tax rates varies from 18-28% depending on the CC of the car.
CA Rashmi Gandhi
(Chartered Accountant)
(86461 Points)
Replied 28 May 2017
It is 28% on cars except for physically handicapped.
Praveen Kachhawa
(Financial Accountant)
(225 Points)
Replied 29 May 2017
Cars will be taxed at the top rate plus a cess in the range of 1% to 15%. Small cars will be charged 1% cess on top of 28% tax, mid-sized cars will attract 3% cess and luxury cars 15% cess on top of the peak rate.
CA PRATIK DHRUVE
(CHARTERED ACCOUNTANT)
(634 Points)
Replied 29 May 2017
Shall be taxed at 28% plus a cess in the range of 1% to 15%.
CA PRATIK DHRUVE
(CHARTERED ACCOUNTANT)
(634 Points)
Replied 29 May 2017
Shall be taxed at 28% plus a cess in the range of 1% to 15%.
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