Buying a suv in India is 50% giving tax
It attracts the highest GST rate of 28% & a cess on top of it between 1-22%. Effectively, 50% of the cost of a diesel SUV like Creta is tax more
So in this case even if the cess is taken to be the maximum of 22% it will amount to 6.16% of the invoice value. So the total tax component would work out to be 28% + 6.16% = 34.16% and not 50%.
Also please not that the diesel is the most polluting fuel and therefore to discourage its use, the vehicles using diesel are taxed at the highest rate.
This is akin to sin tax. more
Our country is a bouquet of assorted flowers - each having its own characteristic beauty and aroma. Let's propagate and nurture love 🙏🙏 more
In short, it is "kettle calling the pot black" story. She being a Kerala origin of a minority community, who opposes anything done by the present government.
It is like my neighbour who take his dog for a "walk" four times a day and dirty the walk away with its poop complaining about Singapore's policy about keeping pets. more