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.

Log in to CarWale

Please enter your password
Forgot password?
Please enter your registered email

Sign up to CarWale

Please enter your name
+91
Please enter your mobile number
Please enter your password
Please enter your password
Ad

GST on hybrid vehicles might see a reduction

May 29, 2017, 03:29 PM IST by Pratheek Kunder
GST on hybrid vehicles might see a reduction

The new GST taxation system has brought smiles to the faces of several car manufacturers, especially big sedans and SUV makers. But hybrid car makers are definitely unhappy due to the exorbitant tax rate of 43 per cent levied on hybrids. 

Apart from the 28 per cent GST, hybrid cars like the Toyota Prius and Honda Accord Hybrid will also attract 15 per cent additional cess, thus raising the overall taxation to 43 per cent. The current tax slab applicable on these cars is 30.3 per cent, which is considerably lower. Due to the high GST, many manufacturers would now want to stay away from launching hybrid cars, which will indirectly add to the growing air pollution. 

Some of the manufacturers have expressed concern to the GST council. Nitin Gadkari, Union Minister, understands this and will be talking to finance minister, Arun Jaitley, to reduce the tax slabs on environment friendly transportation like hybrid cars. Interestingly, the government retained the GST of all-electric cars at 12 per cent. Given that the tax increase is on hybrid cars only and there’s been no change in the tax slab for all electric cars, is this the government’s way to push electric cars only? Only time will tell us. 

Show CommentsHide Comments
Ad

Toyota Prius Price in Popular Cities

CityOn-Road Prices
New Delhi₹ 51.91 Lakhs onwards
Mumbai₹ 57.48 Lakhs onwards
Hyderabad₹ 55.09 Lakhs onwards
Chennai₹ 49.69 Lakhs onwards
Kolkata₹ 51.57 Lakhs onwards
Bangalore₹ 59.43 Lakhs onwards
  • Upcoming Cars

Tata HarrierTata Harrier

Jan 2019

16L - ₹ 22L
Tata 45XTata 45X

Mar 2019

8L - ₹ 10L
Nissan KicksNissan Kicks

Jan 2019

10L - ₹ 15L
Kia SPKia SP

Jul 2019

14L - ₹ 20L
MG RX5MG RX5

Jun 2019

18L - ₹ 23L
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