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Planning to buy a car? Get up to Rs 90,000 in discounts before GST rollout

GST rate fixed for automobiles is 28% plus cess-1% for small petrol cars, 3% cess for diesel cars

BS Web Team  |  New Delhi 

If you were prolonging your car-buying decision, it might be a good time to go ahead with your decision now as carmakers are currently offering hefty discounts between Rs 25,000 to Rs 250,000. This is because, after the goods and service tax (GST) implementation, the automotive market will see a significant difference in prices. The GST rate fixed for automobiles is under the 28 per cent tax bracket, plus cess (1 per cent for small petrol cars, 3 per cent cess for diesel cars and 15 per cent for luxury cars. Due to this change in the tax structure, the on-road price of small ...

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First Published: Thu, June 15 2017. 14:29 IST
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