Go Back   Team-BHP > BHP India > The Indian Car Scene


Reply
 
Thread Tools Search this Thread
Old 10th June 2017, 13:04   #301
BHPian
 
Join Date: Jan 2017
Location: Bengaluru
Posts: 231
Thanked: 407 Times
Default Re: GST effect on car prices?

Knowledgeable car buyers will put off purchase plans till September to take advantage of the lower selling prices that car manufacturers are likely to pass on to consumers post GST implementation

Quote:
Originally Posted by samaspire View Post
Rumour is that GST implementation has been put off till September. What happens now!!!!
bhpfaninblr is offline   (2) Thanks Reply With Quote
Old 10th June 2017, 14:07   #302
Senior - BHPian
 
Join Date: Mar 2011
Location: Back to Chndgrh
Posts: 2,150
Thanked: 2,796 Times
Default Re: GST effect on car prices?

Quote:
Rumour is that GST implementation has been put off till September. What happens now!!!!
Rumours only in my opinion. There is a meeting tomorrow and in case it's delayed everyone will know. But given the size and efforts in transition, it will be unwise to postpone now. Apart from the IT/ operational challenges in Invoicing/ Accounting, I don't think there are any major issues left.
Turbanator is offline   (1) Thanks Reply With Quote
Old 10th June 2017, 15:48   #303
BHPian
 
Join Date: Jan 2015
Location: Jalgaon
Posts: 234
Thanked: 141 Times
Default Re: GST effect on car prices?

Quote:
Originally Posted by samaspire View Post
Rumour is that GST implementation has been put off till September. What happens now!!!!
That is not possible. It has to introduced before 01-09-2017, in any case. If not, the Constitution Amendment that has given birth to this tax, shall stand as null and void, and there would be no tax on anything at all!

Last edited by GTO : 12th June 2017 at 11:06. Reason: Typo :)
Swapnil4585 is offline   Reply With Quote
Old 10th June 2017, 16:27   #304
BHPian
 
Join Date: May 2008
Location: KA-09
Posts: 337
Thanked: 337 Times
Default Re: GST effect on car prices?

Had a talk with local Hyundai dealer. Creta has a discount of 56k and Elantra diesel models upto 96k.
octane_100 is offline   (1) Thanks Reply With Quote
Old 10th June 2017, 17:24   #305
BHPian
 
Join Date: Apr 2017
Location: Mumbai
Posts: 193
Thanked: 480 Times
Default Re: GST effect on car prices?

The delay to September is possible but highly unlikely. They've ironed out most of the issues, and the rollout should go ahead as planned. Don't pay any heed to rumours unless the government confirms this themselves.
Porcupine is offline   Reply With Quote
Old 10th June 2017, 19:36   #306
BHPian
 
vsun's Avatar
 
Join Date: Mar 2010
Location: Hyderabad
Posts: 81
Thanked: 45 Times
Default Re: GST effect on car prices?

Quote:
Originally Posted by octane_100 View Post
Had a talk with local Hyundai dealer. Creta has a discount of 56k and Elantra diesel models upto 96k.
Can you please clarify the location of the Hyundai dealer you are talking about.
vsun is offline   Reply With Quote
Old 10th June 2017, 19:41   #307
BHPian
 
Join Date: May 2008
Location: KA-09
Posts: 337
Thanked: 337 Times
Default Re: GST effect on car prices?

Quote:
Originally Posted by vsun View Post
Can you please clarify the location of the Hyundai dealer you are talking about.
Advaith Hyundai, Mysuru. I had expressed interest in the Elantra a month back. Today, the Sales representative had called to inform on the ongoing discounts apparently due to GST.
octane_100 is offline   (1) Thanks Reply With Quote
Old 11th June 2017, 01:56   #308
BHPian
 
starter's Avatar
 
Join Date: Jan 2009
Location: Bangalore
Posts: 907
Thanked: 265 Times
Default Re: GST effect on car prices?

Has anybody seen this article
http://epaperbeta.timesofindia.com//...7001071&Mode=1
Seems like there is an omission towards car leasing under GST.
starter is offline   Reply With Quote
Old 11th June 2017, 07:36   #309
BHPian
 
Fillmore's Avatar
 
Join Date: Nov 2007
Location: Bangalore
Posts: 271
Thanked: 127 Times
Default Re: GST effect on car prices?

Quote:
Originally Posted by starter View Post
Has anybody seen this article
http://epaperbeta.timesofindia.com//...7001071&Mode=1
Seems like there is an omission towards car leasing under GST.
The companies have just made a representation to the Govt seeking waiver for already running Lease agreements. However no ruling has come out againt this.
So no omission is there yet and the double taxation still holds.
Fillmore is offline   Reply With Quote
Old 11th June 2017, 08:05   #310
BHPian
 
Join Date: Jul 2009
Location: Chennai
Posts: 553
Thanked: 178 Times
Default

Quote:
Originally Posted by Fillmore View Post
The companies have just made a representation to the Govt seeking waiver for already running Lease agreements. However no ruling has come out againt this.
So no omission is there yet and the double taxation still holds.

That is only for existing leases right? From what I understood if a lease starts post GST rollout this double taxation won't be there albeit a higher tax rate than now. It's like a maze. No clarity.
prabhuferrari is offline   Reply With Quote
Old 11th June 2017, 22:45   #311
BHPian
 
M00M's Avatar
 
Join Date: Apr 2010
Location: Mumbai
Posts: 322
Thanked: 180 Times
Default

GST on hybrid cars to remain the same. Penny wise pound foolish behaviour. You charge crazy tax on fuel and say buy a fuel efficient car but a fuel efficient hybrid is taxed crazily so I'm only left with buying a diesel pollution emitter. Disappointing behaviour from an educated finance minister
M00M is offline   (4) Thanks Reply With Quote
Old 11th June 2017, 23:59   #312
BHPian
 
ashwin489's Avatar
 
Join Date: Dec 2008
Location: h20 War Zone
Posts: 238
Thanked: 381 Times
Default Re: GST effect on car prices?

Unfortunately, education is not the antidote to hypocrisy or stupidity.

Quote:
Originally Posted by M00M View Post
GST on hybrid cars to remain the same. Penny wise pound foolish behaviour. Disappointing behaviour from an educated finance minister
ashwin489 is offline   (1) Thanks Reply With Quote
Old 12th June 2017, 10:16   #313
BHPian
 
Join Date: Sep 2013
Location: Bangalore
Posts: 79
Thanked: 99 Times
Default

Government doesn't want to encourage mild hybrid systems. But very soon, there will be a category defined by government for tax benefit of hybrid vehicles. I am sure government is thinking in all viewpoints. Please read this complete article.
http://m.timesofindia.com/business/i...w/59101406.cms
GRAND23 is offline   (1) Thanks Reply With Quote
Old 12th June 2017, 10:32   #314
BHPian
 
M00M's Avatar
 
Join Date: Apr 2010
Location: Mumbai
Posts: 322
Thanked: 180 Times
Default

Quote:
Originally Posted by GRAND23 View Post
Government doesn't want to encourage mild hybrid systems. But very soon, there will be a category defined by government for tax benefit of hybrid vehicles. I am sure government is thinking in all viewpoints. Please read this complete article.
http://m.timesofindia.com/business/i...w/59101406.cms

Government of Karnataka where Toyota is based in encouraging GOI to implement this. I agree Maruti milked out the hybrid definition and fooled people and the GOI but that doesn't mean you penalise the entire category. It means you penalise Maruti. Anyways let's hope saner minds prevail otherwise this fight against pollution and going green ain't going forward.
M00M is offline   (2) Thanks Reply With Quote
Old 12th June 2017, 10:44   #315
Senior - BHPian
 
Join Date: Apr 2007
Location: Pune
Posts: 2,425
Thanked: 939 Times
Default Re: GST effect on car prices?

Quote:
Originally Posted by M00M View Post
GST on hybrid cars to remain the same. Penny wise pound foolish behaviour. You charge crazy tax on fuel and say buy a fuel efficient car but a fuel efficient hybrid is taxed crazily so I'm only left with buying a diesel pollution emitter. Disappointing behaviour from an educated finance minister
Quote:
Originally Posted by ashwin489 View Post
Unfortunately, education is not the antidote to hypocrisy or stupidity.
http://timesofindia.indiatimes.com/b...w/59101406.cms

"The stance came despite a strong pitch from states such as Karnataka, which argued for a reduction in the rate for hybrids. Karnataka is home to Toyota, which has been leading the fight for a lower levy for Camry and Prius. The finance ministry is, however, of the view that mild hybrids from the Maruti Suzuki and Mahindra stable were pocketing "undue gains", prompting Karnataka to suggest that a separate classification be made for "genuine" hybrid vehicles."

So the Finance Minister IS educated, very well educated! now all those who bought SHVS Ertigas and Micro hybrid Scorpios and claim they saved the earth, please raise your hands and walk out of the classroom one by one :-)
anandpadhye is offline   (4) Thanks Reply With Quote
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search


Similar Threads
Thread Thread Starter Forum Replies Last Post
How to get on GST from OMR Chennai? Pedaltothefloor Route / Travel Queries 4 21st December 2012 22:29
Better Route - Chennai 2 Coimbatore via GST road or NH 4 ?? maheshmenon Route / Travel Queries 19 8th December 2010 09:42
NANO effect and EURO effect in Small Car market allwheeldrive The Indian Car Scene 8 15th June 2009 22:29
Directions to get to GST Road, Guindy, Chennai hydrashok Route / Travel Queries 8 10th May 2007 08:05
Effect of budget on used car prices sansjunk The Indian Car Scene 7 10th March 2006 18:20


All times are GMT +5.5. The time now is 04:31.

Copyright 2000 - 2017, Team-BHP.com
Proudly powered by E2E Networks