Automobile Industry Central Government News Government News Headlines

List of Cars SUVs Affected by GST Cess Hike: Take Effect from Today

List of cars affected under GST Cess hike
Written by Team Maffat

Finally, Government is imposing GST Cess hike on mid-sized, luxury and SUV cars from today. It has been nearly 72 days when government implement the biggest tax reform in the country.

This will raise car prices to pre-GST levels. The GST council voted for 10 per cent hike in GST cess and the cabinet approved it on Saturday.

Mid-sized sedans like Hyundai Verna, Honda City, Volkswagen Vento, Maruti Ciaz, Toyota Corolla will see 2 per cent cess hike which will take the GST rate to 45 per cent.

GST Rates Details

The luxury cars such as Mercedes-Benz sedans, Audi sedans, Jaguar XF will see cess hike by 5 per cent which will make total GST of 48 per cent.

BMW 3 series, BMW 5 series, BMW 7 series, Audi A3, Audi A4, Audi A6 and Audi A8 along with Mercedes C Class, E Class and S Class will now get more expensive by 5 per cent.

Prices Change after GST

After the GST cess hike the auto companies are likely to hike the car prices to maintain the margins.

List of cars affected under GST Cess hike

List of cars affected under GST Cess hike

Under GST, large cars with engine greater than 1500cc and SUV with more than 4 metres length and engine greater than 1500 cc are effective for 15 per cent cess.

SUVs will see a cess hike of 7 percent which will take the tax to 50 per cent. SUVs like Mahindra and Mahindra Scorpio and XUV500, Renault Duster, Toyota Fortuner, Ford Endeavour to luxury ones like Land Rover Discovery, Audi Q3, Q5 and Q7, BMW X3 and X5, Mercedes GLA, GLC and GLS will all see prices going up by 7 per cent.

As per auto companies, the frequent changes in rates could take the market to instability and affect demand growth.

Summary
Article Name
Description
Government is imposing GST Cess hike on mid-sized, luxury and SUV cars from today. It has been nearly 72 days when government implement the biggest tax reform in the country.


This post has been seen 143 times.

About the author

Team Maffat

News Maffat Com is a Free Guest Blogging Website.
Must Try once.