GST Cess Amendment: Here Is How Much Extra You Have To Pay To Buy Your Favourite Car

The Indian government’s decision to hike goods and services tax (GST) cess on mid-sized, luxury and sports utility vehicle (SUV) cars came as a big blow to the country’s automobile industry.

The GST Council on September 9 decided to hike cess on mid-sized cars by 2 per cent, taking the effective GST rate to 45 per cent.

Also, cess on large cars has been hiked by 5 per cent, taking the total GST incidence to 48 per cent while that of SUVs by 7 per cent to 50 per cent.

As a result of the decision, many automakers increased prices of their vehicles. The new prices came into effect from September 11, 2017.

Let’s have a look at how much extra you have to pay now, post the price revision, to buy your favourite car.

1. Hyundai Motor India

The automaker has raised prices of its vehicles within a range of 2-5 per cent.

2. Fiat Chrysler Automobiles India

3. Honda Cars India

This manufacturer of premium cars has raised price of its Honda City, Honda BR-V and Honda CR-V.

4. Toyota Kirloskar Motor