With the Rajya Sabha set to pass the long-awaited Goods and Services Tax (GST) Bill, country's most transformative tax reform in decades is likely to affect in the common man in numerous ways. Also read: What is GST Bill So on a bill of Rs 1000 on which you pay service tax of 15 percent and finally pay Rs 1150. We are looking forward to the GST", Roland Folger, CEO, Mercedes-Benz India told India Today. Accordingly at 20 per cent approximate tax rate, your bill is set to go up, to at least 1200 rupees.

Source: India Today August 03, 2016 10:13 UTC