Auto Stocks Surge as Maruti, Hyundai, Tata Report Bumper Bookings on Navaratri Day 1
Under the new GST structure, smaller cars (sub-4 metre models) now fall under the 18% slab, with the compensation cess on automobiles fully removed. Earlier, these models attracted 28% GST plus a 1–3% cess, resulting in a total tax incidence of 29–31%
Under the new GST structure, smaller cars (sub-4 metre models) now fall under the 18% slab, with the compensation cess on automobiles fully removed. Earlier, these models attracted 28% GST plus a 1–3% cess, resulting in a total tax incidence of 29–31%
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