Скачать или смотреть New GST TAX effect on Motorcycle Price - GST on Bikes 18% or 40% GST

NEW GST TAX DETAILS -
India's GST Overhaul: How a New Tax Structure Could Impact Two-Wheelers.

Motorcycles with engine capacity of 350cc and above may come under the special Goods and Services Tax (GST) rate of 40% under the GST slabs restructuring that is under way.

Currently, luxury cars and bikes with an engine capacity of 350cc or more attract a 28% GST. With 3% cess, the tax incidence on this category of bikes is 31%, while the same is up to 50% for luxury cars with higher cess being applied.

Proposed GST changes and their impact
Bikes of below 350cc attract 28% GST without cess, which will be reduced to 18% as per the Centre’s proposal.

The higher tax on the high-end bikes could mean a rise in their retail prices, if the manufacturers choose to pass it on. Royal Enfield varieties Classic, Meteor, Hunter and Honda H’ness are among the popular brands in the 350cc-and-above category.

NOTE - All details & infos are as per online, details may change.

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