Biggest sector in India Automobile Sector multitude of taxes were applicable on this sector like, road tax, sales tax, motor-vehicle tax, VAT, registration duty etc., which have now all been subsumed by GST. Here are the main key points of GST effects on automobile sector:
Now it is clear from the above topic discussion GST effect is positive no so negative many automobile vehicles become cheaper because of GST.
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- First effect is on the supply chain as there is no other tax for supply chain so it directly effects on automobile prices in India.
- Also with GST there is no need to use the warehouses in multiple states by the companies so that also surely effect on the price of automobile sector prices.
- Now dealers should be responsible for supply as they have the GST and they have to pay their taxes on their work basis.
TWO WHEELER S: Effects on two wheeler's is that those have engine less than 350 cc or have 350 cc engine pay 28% of tax, and those have above 350 cc engine have to pay 31% of tax.
COMMERCIAL VEHICLES: As previous tax on commercial vehicles is around 31% but now it is only 28% irrespective of the mini buses have 13 passengers seats GST on them is 43% now.
PERSONAL VEHICLES: To know about the cars prices and GST onto them read our blog post:
GST EFFECTS ON CAR PRICES: BEST GST SOFTWARE
ऑटोमोटिव सेक्टर पर जीएसटी का प्रभाव: सर्वश्रेष्ठ जीएसटी सॉफ़्टवेयर
GST BILLING SOFTWARE GST ACCOUNTING SOFTWARE
GST RETAIL SOFTWARE GST INVENTORY SOFTWARE
BEST GST SOFTWARE GST TRANSPORT SOFTWARE
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