hi, am going to buy a toyota innova 2008 model G4 NEWSHAPE which run around 130000 kms what is the price and what are the complaint of innova.
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The Goods & Service Tax (GST) came into effect from July'17 & has now replaced all multiple state and centre taxes like excise, NCCD, infra cess, CST, VAT, etc.The GST Council has proposed a revision in tax slabs for motor vehicles.
Until now, all cars were taxed at a base rate of 28 per cent and were levied an additional cess based on factors like dimensions, engine size and ground clearance. The cess slabs were fixed at - 1%, 3% and 15%. The GST Council has now proposed another cess slab of 25%.
Below are some links which you can refer to know more.
1. Click here - Impact of GST On Car Prices In India
2. Click here - GST Effect: Mega List Of Cars Cheaper In India
3. Click here - GST Effect: Cars Whose Prices Have Significantly Dropped
However, if you're planning to buy a luxury car or an SUV then our recommendation would be to speed up that process because if you delay it further, you could end up paying a lot more than you would now because the GST council has recommended a revise in upper limit of cess on motor vehicles from 15 to 25 per cent.
Moreover, to have the information on your finger-tips you can also download our mobile application which is available on Windows, iOS and Android.
You may also reach our experts by calling on our toll free number i.e. 1800-200-3000 from Mon-Fri (10 AM - 7 PM) or write to us at firstname.lastname@example.org. Our team will be more than happy to help you.
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