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|25th February 2009, 10:21||#16|
Join Date: Apr 2006
Thanked: 2 Times
The reduction in service tax rates is the bigger benefit for all citizens. Everything from loan processing charges to mobile bills will be affected by this. And if your car is on a company lease, lease rentals also will go down.
|25th February 2009, 15:29||#17|
Join Date: Sep 2007
Thanked: 9 Times
Even if the Tax is not directly related to car, it is related to all other parts / metals used in car.
But the thing is, Manufacturers have to pass on the benefits to the costumers. Other wise its of no use.
|25th February 2009, 15:37||#18|
Senior - BHPian
Join Date: Aug 2006
Thanked: 1,171 Times
These cuts do not materially impact car manufacturers to the extent of reducing prices across the board. For that to happen, excise duties should probably be cut more, and moreover the 20% special tax because of high fuel prices on MUV's and SUV's must go. Fuel prices are so low now, wonder why the Govt continues with that rule.
Long story short - only commercial vehicles will get cheaper. NOT passenger cars.
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