Small Cars May Get Cheaper By 8 If Gst Reduced From Current Rate Hsbc Report

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motoring small cars may get cheaper by 8 if gst reduced from current rate hsbc report

Car prices in India, especially for small cars, could drop by up to 8% if the government reduces the GST rate from 28% to 18%, according to an HSBC report. Currently, passenger vehicles face a GST of 28% plus an additional cess, bringing the effective rate to 2950% depending on size.

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