After GST implemented price of bikes and cars drops or raises ?
Hari Kumar (3 Points)
11 March 2017After GST implemented price of bikes and cars drops or raises ?
Amitav
(Chartered Accountant)
(5993 Points)
Replied 11 March 2017
Prices of entry-level cars, two-wheelers, SUVs may fall.
Commercial vehicles such as trucks will become costlier
Vipul Patil
(Student CA Final )
(31 Points)
Replied 11 March 2017
Madhukar N Hiregange
(Chartered Accountant)
(39034 Points)
Replied 13 March 2017
The cascading impact of present levies including luxury tax- 1%, entry tax- 1%, cst- 2% and the rate of 12.5+ 14.5= 27% applicable to bikes can cars today maybe fixed at 18%. Cosnequenlty it should reduce by 12% if all effiiecnies are there. However we can epxect 50% to accrue by August 2017- maybe 6 -7% drop.
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