Just 12 hours after the country ushered in the Goods and Services Tax (GST), business was low-key at car dealerships in Noida, which is home to some of the biggest automobile showrooms of Maruti Suzuki, Volkswagen, Renault, Toyota and Mercedes-Benz. Diesel hybrid cars such as Ertiga will get costlier because of the increase in cess,” said Pramod Tiwari, manager, corporate sales, Rohan Motors. For small petrol cars, a GST of 28 per cent plus a cess of 1 per cent would be applicable, compared to an earlier tax of 31.4 per cent. The ambiguity over car prices also saw the company pushing to clear stocks before GST roll out. Customers who booked cars in June were under the impression that cars would become costlier, sales executives at the showroom said.

Source: dna July 02, 2017 01:30 UTC