It seems from various news reports that car prices are likely to go up 1-2% after GST, 1st July 2017.
So if I book a car now and the actual sale happens after 3-6 months (much after GST comes into force), will GST be applicable at final sale time?
8 Replies
yagantipullareddy
(accounts officer)
(51 Points)
Replied 25 May 2017
taxes on delivery date is applicable.
kalpana matolia
(article)
(61 Points)
Replied 25 May 2017
Rate of tax is applicable of date of supply
s.harsha vardhan
(articles)
(49 Points)
Replied 25 May 2017
taxes on apply on date of invoice raised
rohit
(none)
(186 Points)
Replied 26 May 2017
| Originally posted by : Kushal Pande | ||
 |
 |
|
Big Majority of people in India do not pay Direct tax so government has high expectations on Indirect Taxes.
Kushal Pande
(CFO)
(256 Points)
Replied 26 May 2017
| Originally posted by : rohit | ||
|
Big Majority of people in India do not pay Direct tax so government has high expectations on Indirect Taxes. | |
But for those who are genuine income tax payers, do add the the burden of Indirect taxes, what percentage does the Direct + Indirect tax comes to?
I say this is daylight robbery, coercing people to pay double, triple taxes.
rohit
(none)
(186 Points)
Replied 27 May 2017
Kushan,
1-2% increase won't pinch much. It won't be too high like 30-40,000 more than current price.
I won't mind paying Government tax if such tax is honestly used for people.
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