5 Most Affordable Cars & Their Prices After GST Reform
Automobiles
- 9 month, 2 days ago
India's automobile sector may see a major shift as the government plans sweeping GST reforms. At present, cars attract 28% GST-the highest slab-plus a compensation cess of 1% to 22% depending on engine size and length. This pushes the effective tax on vehicles from around 29% for small petrol cars to nearly 50% for SUVs, making them expensive for buyers. Electric vehicles are taxed much lower, at just 5%.