The commodity and service tax, GST are in the process of decline in essential commodities. There is no way to sell goods without any brand. Selling of the brand is taxable. Consumer goods prices are likely to fall by 20 per cent, according to retail giants. Some emergency drug prices will increase. Manufacturing companies say that the tractors will be burdened. Whether it is a change in the prices of cars, the companies are already offering huge offers to sell the existing cars to the GST.
Delhi: The buyers wait for the news that the prices of big cars will fall if goods and services tax GST come into play. Industry sources said that the manufacturers are now offering massive offers to increase sales, according to news agency Coznès.
Dickie’s big dealers (sedan), sports utility vehicles (SUVs) and luxury vehicles are taxable. Now, 47-55 percent of these are taxing and 43 per cent of GST. Therefore, the companies are offering offers to sell the already generated vehicles.
GST car prices are expected to increase by 1-2 per cent. After the comes into force, many dealers say that the company will be able to lower subsidies for at least four months.
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