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From September 22, new GST slabs are going to be implemented, which will directly affect the purchase and sale of vehicles. If the tax has been reduced on some vehicles and bikes, then the premium and big trains will now be taxed. Also, tractors, autos and green vehicles have also been relieved. Let’s know about this …
New GST rates will be implemented from 22 September. Petrol up to 1200cc and small cars with diesel engines up to 1500cc will now be taxed only 18%. Earlier, 28% tax was levied on them. This will make it cheaper to buy small cars and cheap bikes.
Petrol above 1200cc, diesel above 1500cc and 4000mm long trains will now be taxed 40%. This includes large sedans, luxury SUVs and imported cars. That is, people who will buy premium vehicles, they will have to spend more money.
The tax on engine bikes, scooters and mopeds up to 350cc has been reduced to 18%. Earlier, 28% tax was levied on them. This will reduce the burden on the pockets of those who buy everyday bikes and scooters.
Bikes above 350cc, such as the Royal Enfield 650cc, Harley-Davidson and expensive KTM models, are now under the scope of 40% tax. That is, customers who buy premium bikes will now have to pay a higher price.
There is good news for farmers. Now the tractor and their parts, such as tires, brakes, radiaters and clutch will only have 5% GST. However, road tractors with high engine capacity have not been included in it.
The tax on auto rickshaw i.e. three-wheelers has been reduced to 18%. Similarly, the truck and the chassis of the lorry will also now have 18% GST. Earlier there was 28% tax on these. This will provide relief to the transport and logistics sector.
The tax on electric vehicles will remain 5% as before. Small hybrid vehicles will come in 18% slab, while large hybrid trains will be taxed at 40%. That is, no additional burden will increase on EV buyers.
Tax on fuel-cell and hydrogen cars will be only 5%. Earlier, luxury cars and SUVs used to be separate cess, but now 40% flat tax will be final. Green technology vehicles will benefit from this.
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