Buying a suv in India is 50% giving tax
What's the most taxed product in India? It's not cigarettes, a can of aerated beverage or a bottle of whisky or beer. It's an AUTOMOBILE.
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
Any thing commented which does not suit a person is always bitter and not digestible. Do not expect every one to agree to your comments more
GST is calculated on the invoice value and the cess is calculated on the tax amount i.e. the GST amount. 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
Even the strongest of messages can be conveyed in gracious and polite manner without hurting others feelings. One may also consider the possibility that assumptions one makes about others may not be correct. Our country is a bouquet of assorted flowers - each having its own characteristic beauty and aroma. Let's propagate and nurture love 🙏🙏 more
At times, I just can not sign off with out making a comment on some world's worst authors who make comments. The author of this comment lives in Singapore. "https://transferwise.com/gb/blog/buying-a-car-in-singapore".Go to this link and you will find some exciting information. 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