Proposed relief for automobile sector in India. Comparing the “Current GST” and “Proposed GST” for different vehicle types in India.
Here’s a breakdown of the information presented:
- Vehicle Type:
- Small Cars
- Mid-Sized Cars
- Big Cars & SUVs
- Current GST:
- Small Cars: 29% (28% GST + 1% cess)
- Mid-Sized Cars: 43% (28% GST + 15% cess)
- Big Cars & SUVs: 50% (28% GST + 22% cess)
- Proposed GST:
- Small Cars: 18%
- Mid-Sized Cars: 40% Flat
- Big Cars & SUVs: 40% Flat
This table appears to be a proposal for a change in the Goods and Services Tax (GST) structure for the automobile sector in India, suggesting a reduction in taxes, particularly for small cars and a uniform 40% rate for larger vehicles.
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