GST on cars
Drop is minimum in
* Market Leaders in Budget Car segments (sole exception Maruti)
* Drop is lower in Commercial segment leaders
* Both the above have lower GST ( 5 - 18%)
Drop in premium segment is max - perfect implementation of progressive taxation - higher wealth / affording capacity should pay more.
I think Govt Policy is working perfectly ...
The Govt has no reason to encourage an Industry making unaffordable products. more
Some people really say senseless things. more