Price increase in Maharashtra on petrol and diesel cars respectively

kedarwalke · 26th March 2012, 22:10

Just the saw news on national tv that as per the state budget price will increase by 2% on petrol cars and 4% on diesel cars in maharashtra.

I have made payment of 1 lakh rs cheque for fortuner last week and will be making the balance payment tomorw,my car is being delivered before 31st march.My question is that the hile is applicable from today or april 1st??

swiftnfurious · 26th March 2012, 22:19

Quote:

Originally Posted by kedarwalke

Just the saw news on national tv that as per the state budget price will increase by 2% on petrol cars and 4% on diesel cars in maharashtra...My question is that the hile is applicable from today or april 1st??

If it's on the road tax, it should be from Apr 01, 2012. Since you have mentioned MH, I assume it's the state tax. Be happy & make sure to register your vehicle before Apr, 01. I suggest you get it done ASAP, as there will be LOTS of registration happening on Mar 30 & 31, and RTO guys will be swamped!

Edit:: I hope the car has reached the dealer already!

kedarwalke · 26th March 2012, 22:34

Quote:

Originally Posted by swiftnfurious

If it's on the road tax, it should be from Apr 01, 2012. Since you have mentioned MH, I assume it's the state tax. Be happy & make sure to register your vehicle before Apr, 01. I suggest you get it done ASAP, as there will be LOTS of registration happening on Mar 30 & 31, and RTO guys will be swamped!

Edit:: I hope the car has reached the dealer already!

It is state tax.
Vehicle in stockyard in vasai,he has given chasis no.
I will make payment tomorow.i just hope the dealer does not ask for the hike amount.

funkyp · 26th March 2012, 23:46

Ah more bad news.. My car has just left Maruti today and unlikely to be delivered before the 31st.

My question is, will this increase of 2/4% be on the ex-showroom price of the car? An when will this be paid? With octroi/invoicing/registration?

swiftnfurious · 27th March 2012, 00:23

Quote:

Originally Posted by kedarwalke

It is state tax.
Vehicle in stockyard in vasai,he has given chasis no.
I will make payment tomorow.i just hope the dealer does not ask for the hike amount.

If the car has left the factory before Mar 16, 2012, the dealer can't ask for extra money. So just make sure to have a look at the invoice date as well. And about the 4% extra sum, the dealer has nothing to do with it & it's going to go into the state treasury, so why would they bother. If the car has left after Mar 16, I guess there will be some additional excise duty on the ex. showroom price [declared during the national budget].

Quote:

Originally Posted by funkyp

My question is, will this increase of 2/4% be on the ex-showroom price of the car? An when will this be paid? With octroi/invoicing/registration?

Yes, on the ex showroom price, to be paid as Road tax/registration. You are doubly unlucky, there will be some additional duty on the ex. showroom price as well!

ghodlur · 27th March 2012, 08:02

The worst fears have come true. Indeed the tax on Diesel and Petrol cars will be hiked by 4 and 2 % respectively. So now the tax rate for the petrol vehicle upto 7 L has gone up to 9%, Vehicles from 8-20L has gone up to 10% whereas tax for vehicle s above 20L is now 11%.

The only saving grace of the budget is the reduction in the taxed for the CNG vehicles which comes down to 2% across all price slabs.

Budget 2012: LPG, dry fruits get costlier in Maharashtra - Money - DNA

sgiitk · 27th March 2012, 09:31

I cannot wait for GST to come in. Then the high taxation states like MH will be in serious trouble. Lower ST/VAT, no Octroi...

amitwlele · 27th March 2012, 10:16

Quote:

Originally Posted by sgiitk

I cannot wait for GST to come in. Then the high taxation states like MH will be in serious trouble. Lower ST/VAT, no Octroi...

So many budgets have gone by and GST is still in the limbo. I don't think any government is serious about getting it implemented.

Jignesh · 27th March 2012, 11:25

GST implementation will take more time because State Governments will lose additional income that they have generated over the years by adding additional Taxes. Central Government is having hard time convincing all the States.

But I feel it is a good idea to impose more taxes on Cars as government will always need more money & taxes on Cars may have its own benefits. But each such increase in Taxes on Car should be accompanied in reduction in duties on Fuel (especially Petrol). We all know that almost 50% of the price we pay for Petrol / Diesel goes as Taxes to State & Central government.

Thanks,

mayankjha1806 · 27th March 2012, 11:49

@sgiitk, On the GST, and high taxation states getting into trouble, specifically MH. Don't you think KA will be hit more, i hear lot of stories about high taxation in MH (Octroi and all), Karnataka has been having highest taxes in-spite of having no Octroi.

Any idea, when is GST proposed to be implemented?

Jignesh · 27th March 2012, 12:04

Quote:

Originally Posted by mayankjha1806

Any idea, when is GST proposed to be implemented?

Hello Mayank,

In his Budget speech Pranab Mukherjee has "Requested" all the Political Parties to come to a concensus for early GST Implementation. There is not promised date this time.

Earlier the dates proposed were 01.04.2011 then 01.10.2011 which was then revised to 01.04.2012, but still no clarity till date. That is why in this budget Pranab Mukherjee has not proposed any dates, but just requested for a political concensus, which we know is very difficult in India, except for salary hike of MP's & MLA's.

Below is a good article featuring Sushil Kumar Modi's view on GST implementation delay:
Sushil Kumar Modi | States not responsible for GST delays - Economy and Politics - livemint.com

Thanks,

infotech58 · 27th March 2012, 13:19

buying a Swift Diesel is costlier by 23000 INR in Mumbai now.

FM did not increase any duty on diesel vehicles in central budget but i am afraid that the states have taken a hint and are going to implement a hike at state level one after the other.

shipnil · 27th March 2012, 13:20

What is the meaning of state tax? I am still unable to get it. Is it the road tax? The news item does not explicitly say so. Or will it be included in ex-showroom price. I have seen ex-showroom price vary across cities on various manufacturers site for same make and model.

Jignesh · 27th March 2012, 14:42

Quote:

Originally Posted by shipnil

What is the meaning of state tax? I am still unable to get it. Is it the road tax? The news item does not explicitly say so. Or will it be included in ex-showroom price. I have seen ex-showroom price vary across cities on various manufacturers site for same make and model.

Hello Shipnil,

This is increase in Sales Tax done by mahashtra Govt in Budget State Budget it persented yesterday.
Sales Tax is charged on Sales of Good in a State & it is levied (& decided) by respective state govts. Sales tax is entirely in jurisdiction of State Govts & they can increase or decrease it as per their needs.

Same happened in case of Mobile Phones. Mahashtra Govt introducted 12.5% VAT on sales of Mobiles, while in Gujarat the same was at 4%.

Yes. The Ex-Showroom price of Cars is different in various cities due to above reasons & add to it duties like Octroi charged by some local municipalties. Cars in Mumbai (in Maharashtra) are costliest because apart from all the other Tax & charges, we have to pay Octroi.

Thanks,

sgiitk · 27th March 2012, 15:12

I think the GST will come eventually, in the not too distant future. The software infrastructure is supposed to be ready by August this year. In any case the proposed initial rate for GST is 22% so all should be happy. I guess a lot of the NDA opposition is political, since they will like to do in their govt. They mooted the idea in the first place.

Quite often what they say is not even close to the truth. Take FDI in Retail. The main opposition is from the middlemen who fund all politicos. With the big boys coming in there will at most be one layer between the manufacturer and retailer. A huge percentage of fresh food is wasted, so how the reduction in the middlemen and wastage not benefit the consumer. All they say is just poppycock.

26th March 2012, 22:10	#1
kedarwalke BHPian Join Date: Aug 2008 Location: Mumbai Posts: 449 Thanked: 546 Times View My Garage	Price increase in Maharashtra on petrol and diesel cars respectively Just the saw news on national tv that as per the state budget price will increase by 2% on petrol cars and 4% on diesel cars in maharashtra. I have made payment of 1 lakh rs cheque for fortuner last week and will be making the balance payment tomorw,my car is being delivered before 31st march.My question is that the hile is applicable from today or april 1st?? Last edited by kedarwalke : 26th March 2012 at 22:12.
	(2) Thanks

26th March 2012, 23:46	#4
funkyp BHPian Join Date: Jul 2011 Location: Mumbai Posts: 491 Thanked: 104 Times	Ah more bad news.. My car has just left Maruti today and unlikely to be delivered before the 31st. My question is, will this increase of 2/4% be on the ex-showroom price of the car? An when will this be paid? With octroi/invoicing/registration?
	() Thanks

27th March 2012, 08:02	#6
ghodlur Senior - BHPian Join Date: Sep 2009 Location: Thane Posts: 6,010 Thanked: 4,199 Times View My Garage	Re: Price increase in Maharashtra on petrol and diesel cars respectively The worst fears have come true. Indeed the tax on Diesel and Petrol cars will be hiked by 4 and 2 % respectively. So now the tax rate for the petrol vehicle upto 7 L has gone up to 9%, Vehicles from 8-20L has gone up to 10% whereas tax for vehicle s above 20L is now 11%. The only saving grace of the budget is the reduction in the taxed for the CNG vehicles which comes down to 2% across all price slabs. Budget 2012: LPG, dry fruits get costlier in Maharashtra - Money - DNA
	() Thanks

27th March 2012, 09:31	#7
sgiitk BANNED Join Date: Dec 2007 Location: Gurugram Posts: 7,969 Thanked: 4,788 Times	Re: Price increase in Maharashtra on petrol and diesel cars respectively I cannot wait for GST to come in. Then the high taxation states like MH will be in serious trouble. Lower ST/VAT, no Octroi...
	() Thanks

27th March 2012, 11:25	#9
Jignesh Senior - BHPian Join Date: Dec 2011 Location: Near Frankfurt Posts: 1,609 Thanked: 965 Times View My Garage	Re: Price increase in Maharashtra on petrol and diesel cars respectively GST implementation will take more time because State Governments will lose additional income that they have generated over the years by adding additional Taxes. Central Government is having hard time convincing all the States. But I feel it is a good idea to impose more taxes on Cars as government will always need more money & taxes on Cars may have its own benefits. But each such increase in Taxes on Car should be accompanied in reduction in duties on Fuel (especially Petrol). We all know that almost 50% of the price we pay for Petrol / Diesel goes as Taxes to State & Central government. Thanks,
	() Thanks

27th March 2012, 11:49	#10
mayankjha1806 Senior - BHPian Join Date: Jan 2011 Location: Bangalore Posts: 2,160 Thanked: 978 Times View My Garage	Re: Price increase in Maharashtra on petrol and diesel cars respectively @sgiitk, On the GST, and high taxation states getting into trouble, specifically MH. Don't you think KA will be hit more, i hear lot of stories about high taxation in MH (Octroi and all), Karnataka has been having highest taxes in-spite of having no Octroi. Any idea, when is GST proposed to be implemented?
	() Thanks

27th March 2012, 13:19	#12
infotech58 BHPian Join Date: Dec 2009 Location: Toronto Posts: 652 Thanked: 255 Times View My Garage	Re: Price increase in Maharashtra on petrol and diesel cars respectively buying a Swift Diesel is costlier by 23000 INR in Mumbai now. FM did not increase any duty on diesel vehicles in central budget but i am afraid that the states have taken a hint and are going to implement a hike at state level one after the other. Attached Thumbnails
	() Thanks

27th March 2012, 13:20	#13
shipnil BHPian Join Date: Nov 2007 Location: Pune Posts: 997 Thanked: 665 Times	Re: Price increase in Maharashtra on petrol and diesel cars respectively What is the meaning of state tax? I am still unable to get it. Is it the road tax? The news item does not explicitly say so. Or will it be included in ex-showroom price. I have seen ex-showroom price vary across cities on various manufacturers site for same make and model.
	() Thanks

27th March 2012, 15:12	#15
sgiitk BANNED Join Date: Dec 2007 Location: Gurugram Posts: 7,969 Thanked: 4,788 Times	Re: Price increase in Maharashtra on petrol and diesel cars respectively I think the GST will come eventually, in the not too distant future. The software infrastructure is supposed to be ready by August this year. In any case the proposed initial rate for GST is 22% so all should be happy. I guess a lot of the NDA opposition is political, since they will like to do in their govt. They mooted the idea in the first place. Quite often what they say is not even close to the truth. Take FDI in Retail. The main opposition is from the middlemen who fund all politicos. With the big boys coming in there will at most be one layer between the manufacturer and retailer. A huge percentage of fresh food is wasted, so how the reduction in the middlemen and wastage not benefit the consumer. All they say is just poppycock.
	() Thanks