Taxes on cars are almost in line with 'sin products' (those that are heavily taxed, like tobacco, to discourage sales) under GST. We have a cess on so many cars. No wonder auto sales are where they are(attached) more
On one side we talk that city roads are heavily loaded with vehicles and even parking of vehicles is practically impossible.On the other side we talk vehicle sales are dropping.As per statistics vehicle sales were contineously rising since 2003.Probably is this Good for roads and city traffic.On the contrary we should have efficient and fast public transport and that will reduce congestion on the roads. more
Conclusions I draw: 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
It is good that sales of Automobiles has come down. This will save the country's expenditure on importing Oil from outside, apart from reducing pollution. In addition, I wonder what the lady, Naina Mittal really wants to communicate? Actually reduction in the sales of all items like Cars, large White goods, Costly TV sets, Jewellery, Designer clothes, Real Estate, etc. has come down since the sale of such items was based more on investment of Black Money, rather then real need. The lady does not explain how the sales have reduced due to GST? Some people really say senseless things. more
Right. Automobiles business is highly cyclical. There were times few years ago when auto sales were in the doldrums, even commercial vehicles sales were going down -- and there was no GST in sight at that time. For information of Ms. Naina Mittal, taxes on automobiles have always been this high, even more than the present numbers. So to try to find a correlation and cause-effect relationship based on rhetoric should be avoided. more
My cousin’s friend runs a local bakery in Goa. He accepts only CASH. No UPI/CC/Debit Card-- nothing! Logic: if he accepts anything in 'white', he will pay around...
Interesting how poor people and commoners pay GST on pretty much everything they buy from biscuits to namkeen, milk to grocery And rich buys iPhone, Luxury Cars, etc as Business Expenses...
Cut & polished diamonds are charged 1.5% GST. Flour & curd are charged 5% GST. Diamond walas can fund politics but aate dahi doodh walas can’t?? Plea...
The GST Council has recommended 5% GST on dairy items like pre- packed, pre-labeled curd, lassi and butter milk and increasing GST on dairy machinery and milking machines from 12% to 18%. This move...
Bicycle will attract a GST rate of 12%, but diamonds will attract only 0.25%. At a time when people aren't able to afford petrol & the poor are forced to commute on cycles, the govt charges 12%...
The Private tutors and coaching classes runners should be registered by the local authorities like Panchayats, municipalities and metros through simple forms with names, addresses of operators, the...
Rs6.14 lakh crore as input tax credit (ITC) remains blocked under Rule 86A by the tax authorities without any due process being followed. Attached is data by state. Can LocalCircles take up this is...
Dear All, I live in an affordable housing society under PMAY in Gurgaon for the past two years. Maintenance is supposed to be free for five years. Builder has increased CAM charges twic...
The leaders of the Govt, the babus of the Govt are very clueless LocalCircles and we have not done enough to wake up these people. Read below: 5% GST on COVID vaccine. 28% GST...
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 o...
By Sunita Varghese
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