Please Tell Us Your City

Knowing your city will help us provide relevant content to you.

Sorry! No matching results found. Try again.Error Identifying Your Location.

Goods and Service Tax could be effective from April 1, 2016

May 28, 2015, 02:12 PM IST by Pratheek Kunder
Goods and Service Tax could be effective from April 1, 2016

The Finance Minister of India has indicated that the famous Goods and Service tax (GST) could come into force from April 1,  2016. This was announced during a function organised on the occasion of the completion of one year of the new government.

GST will replace all the indirect taxes levied on goods and services by the Central and State governments with a single nationwide sales tax. Car and two-wheelers manufacturers are one of the biggest victims of so many indirect taxes. Tax greatly drives up the cost of buying a car in India. By the time a new car is driven out of a showroom, the buyer has paid taxes that equal about 50 per cent of the vehicle's basic price.

With the introduction of GST, the prices of cars are bound to come down but more importantly, there will be a unified taxation for all kinds of cars across the country. Not only this, there will be a marginal increase in overall GDP that will impact the rate of growth of India. Unfortunately, GST will need the support of two-thirds of both houses of parliament, and the BJP does not hold a majority in the upper house.

  • FaceBook Logo
  • Twitter Logo
  • Email Logo
Show CommentsHide Comments

Maruti Suzuki Alto K10 Price in India

CityOn-Road Prices
Mumbai₹ 4.37 Lakhs onwards
Bangalore₹ 4.51 Lakhs onwards
New Delhi₹ 4.01 Lakhs onwards
Pune₹ 4.36 Lakhs onwards
Hyderabad₹ 4.41 Lakhs onwards
Ahmedabad₹ 4.16 Lakhs onwards
Chennai₹ 4.33 Lakhs onwards
Kolkata₹ 4.21 Lakhs onwards
Chandigarh₹ 4.16 Lakhs onwards
  • Upcoming Cars

Audi New A6Audi New A6

24th Oct 2019

50L - ₹ 60L
Tata Tiago FaceliftTata Tiago Facelift

Oct 2019

4L - ₹ 7L
Nissan Leaf EVNissan Leaf EV

Oct 2019

30L - ₹ 35L
Mahindra e20 NXTMahindra e20 NXT

Oct 2019

6L - ₹ 8L
Honda HR-VHonda HR-V

Oct 2019

12L - ₹ 16L
All Upcoming Cars
Ask the experts1800 2090 230Mon-Fri (9 AM - 8 PM)
Sat (9 AM - 5:30 PM)
Sun (9 AM - 7 PM)
Toll free

Select your city to avail offers

Currently available only in