![]() | #211 | |
BHPian ![]() Join Date: Aug 2013 Location: Pune
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![]() BTW, I forgot to ask you before but did you opt for BSI? If yes, then which one? I think there are two three types?! | |
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![]() | #212 | |
Distinguished - BHPian ![]() ![]() Join Date: Sep 2010 Location: Liverpool/Delhi
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I am going to opt for the BSI plus with extended warranty according to the new nomenclature. Haven't yet paid for it. But it is same as the earlier BSI ultimate. BTW I have been wanting to ask this. Do you need to pay for the BSI in cheque too or can this be done in cash ( difference being that does it need to be shown in your books for taxation?). | |
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![]() | #213 | |
BHPian ![]() Join Date: Mar 2013 Location: Ludhiana
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Road tax across the country is charged on the final invoiced price (after all discounts). The dealers want you to believe that it's the other way round as they pocket the difference. I bought a honda 2 years ago and the dealer insisted I pay full registration. I decided to get the car registered myself and the RTO informed me that registration was to be charged on the final invoice given to me. Please beware of such hoaxes. | |
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![]() | #214 | |||
BHPian ![]() Join Date: Jul 2013 Location: Bangalore
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http://www.jaguar.com/in/en/jaguar_f...inance_options Quote:
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So let's say the tax is at 10%. That's 10% on 35 lacs. Therefore, the cost is now 38.5 lacs. The dealer then gives me a discount of 5 lacs. Therefore, the cost is 33.5 lacs now. And the road tax can be charged on this amount apparently. | |||
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![]() | #215 | |
BHPian ![]() Join Date: Mar 2013 Location: Ludhiana
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Over and above this only registration is applicable. There are some states that charge OCTROI/ADVANCE TAX/ENTRY TAX. This tax is payable on the price that the dealer pays the parent company for each car. NOT THE MRP. In other words the end customer pays all taxes VAT/REGISTRATION/any other tax at the reduced discounted final invoice raised to him. Last edited by Bluebeem : 14th December 2013 at 14:39. | |
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![]() | #216 |
BHPian ![]() Join Date: Mar 2012 Location: BOM-CCU-PAT
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| ![]() AFAIK the road tax is paid on the invoice price and not the MRP. I have had my cars registered in various states such as Maharashtra, Haryana, Bihar, Jharkhand, West Bengal and Delhi and all the times I have been charged the road tax on the invoice price. However there can be additional taxes as Bluebeem pointed above. For eg, Bihar has an entry tax of 7% so if someone is registering a car which is bought from another state he needs to pay 8% + 7% but even this is charged on the invoice price. It would clearly be unpractical for RTOs to keep a track of the ex showroom/MRP of all the cars hence they straight away charge on whatever the invoice price is. |
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![]() | #217 | |
BHPian Join Date: Jun 2008 Location: Bombay
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There is one simple way to find out. Can you please file an application under RTI to get a copy of all the papers that were filed at the time of applying for the registration of your car? The full set of papers are quite interesting. They also have ARAI documentation among other things. It is possible that you are right, but if you are not, you will find out that the tax has been paid on the discounted invoice i.e. net invoice amount and that the actual tax paid has been less but you got a receipt for a higher amount. Therein lies the scam. The Government has a one amount on its record and the customer has a higher amount on his receipt. A little bit of effort on your part to file an application under RTI will go a long way in consumer awareness. It is not as if the payment of tax is voluntary and you have a choice in it. They will not register the car without payment of tax and you cannot use your car unless the car is registered. Last edited by lapsi : 14th December 2013 at 21:29. | |
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![]() | #218 | |
BHPian ![]() Join Date: Mar 2012 Location: BOM-CCU-PAT
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![]() | #219 | |
Distinguished - BHPian ![]() ![]() Join Date: Sep 2010 Location: Liverpool/Delhi
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![]() | #220 | |
BHPian Join Date: Jun 2008 Location: Bombay
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But since you are convinced that the actions of your dealer are legitimate, let's leave it at that. | |
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![]() | #221 | |
Distinguished - BHPian ![]() ![]() Join Date: Sep 2010 Location: Liverpool/Delhi
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1. Invoice issued to dealer by chennai Bmw plant. This is for a much lesser price than the ex showroom price told to the customer and gives an idea of how much margin dealers have on each car! 2. Invoice of full ex showroom price of my car i. e. For rs 31 lacs ( prevailing price in Delhi). This price is used for RTO taxation purpose and Delhi RTO doesn't allow registration on discounted price. Gurgaon RTO does it on discounted price though! Also this invoice is used for insurance premium calculation. 3. Lastly I have an invoice which is ex showroom price - discount offered. This invoice has been used for bank loan as obviously the bank would not sanction me a loan of more than what I actually paid for the car. Now there is no cheating here since the dealer has issued me the RTO tax receipt which matches the exact amount I paid. Again I feel if you have a proper source or a good tout, it still may be possible to get the car registered on discounted price even in Delhi. The Law regarding this is not clear and different RTOs across the country are doing whatever pleases them. I even started a thread regarding this and there too the same was evident. Also to clear the confusion mentioned by Bluebeem above regarding Vat and other taxes. The ex showroom price listed on the brochure or price list is incisive of Vat. Octroi charged in done states is extra over this. But VAT is included in the ex showroom price. So all you need to pay over and above the ex showroom price is only the road tax and insurance +/- miscellaneous dealer charges like handling etc depending upon your negotiation with the dealer. Hope the confusion is cleared now. | |
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![]() | #222 | |
BHPian Join Date: Jun 2008 Location: Bombay
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- Invoice of full ex showroom price: Goes to the bank. - Invoice which is ex showroom price Less discount offered: This goes to the RTO and registration charges are calculated on the discounted amount. Cheers! | |
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![]() | #223 | |
Distinguished - BHPian ![]() ![]() Join Date: Sep 2010 Location: Liverpool/Delhi
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![]() | #224 |
BHPian Join Date: Jun 2008 Location: Bombay
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![]() | #225 |
Distinguished - BHPian ![]() ![]() Join Date: Sep 2010 Location: Liverpool/Delhi
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Sir with all due respect then what is the fault with my calculations above? Please go through the post once. And if you find it all correct then all buyers in Maharashtra are being taken for a ride by the dealers? The bank cannot give you more money than what you paid for! I can imagine the RTO, being government organisations, enforcing the same law in 2 different ways across the country. But the banking sector will have similar requirements and procedures nationwide. Last edited by drmohitg : 7th January 2014 at 15:07. |
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