Is it beneficial to buy Honda City now or after implementation of GST?

Is it beneficial to buy Honda City now or after implementation of GST? really confused. so many sites so many doubts. I’m from Patna.

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14 Answer(s)

For what purpose u want to buy.

Answered on May 21, 2017.
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ITC is not allowed in motor vehicle even though used for own business…except for use in hiring or resale. so assuming you are not into above two business…you wont get any itc even in gst regime.

Answered on May 21, 2017.
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The tax on luxury cars is currently 52-55%. Under GST, it will come down to 42-45%. so it should get cheaper.

Answered on May 21, 2017.
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I think Honda city doesn’t come in luxury cars.it comes under mid sedan…and the current tax is 43%.

Answered on May 21, 2017.
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Mid-segment cars such as the Honda City and the Hyundai Creta are likely to remain unaffected by the GST rates as these vehicles are already charged at around 43% of tax rate. The flat 28% tax and 15% of cess will bring the total to 43%, resulting in almost no change. However, if the cess on this segment of vehicles, we might witness a small reduction in prices…..this is written in financial express.

Answered on May 21, 2017.
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Wanna buy it for personal use.

Answered on May 21, 2017.
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Be the purpose personal or business it is better to buy post GST as for personal purpose anyways tax rate is less in GST as compared to present regime, so there u can save money. and for business purpose make sure that Company passes credit to you so you can claim 100% GST input credit against your business liability. better to wait for both cases.

Answered on May 21, 2017.
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Mr Sinha cess is always charged in basic tax. so your calculation of 28% + 15% cess is incorrect. it will be 28% + (28*15%) = 32.2% effective post GST rate.

Answered on May 21, 2017.
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So what u actually recommend is to buy post GST. but I HV come across news channel saying buying car be it small or mid segment cars is likely to be expensive and luxury cars to be cheaper.

Answered on May 21, 2017.
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Cess is on basic value in GST and is not a tax on tax

Answered on June 13, 2017.
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Yes all types of branded or non-branded are falling under 18%

Answered on June 13, 2017.
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We have to see whether brand name is registered or not?

Answered on June 13, 2017.
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Yes all brands are covered

Answered on June 13, 2017.
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I think GST rate of textile industry will be decided on 3 June meeting

Answered on June 13, 2017.
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Your Answer

Gen GST