At up to 50%, cars in India suffer among the highest tax rates globally

 Business Standard

Sep 22, 2020

In the goods and services tax (GST) regime, India levies one of the highest taxes on vehicles among key world markets when compared with the GST equivalent value-added tax (VAT) levied in other countries. Cars and two-wheelers attract a GST rate of 28 per cent in India and a cess that ranges from 3 to 22 per cent, taking the effective tax rate to up to 50 per cent.

The GST was implemented in July 2017 and subsumed a host of indirect taxes, including excise duty, VAT and entertainment tax.

Reference: https://www.business-standard.com/article/companies/at-up-to-50-cars-in-india-suffer-among-the-highest-tax-rates-globally-120092101207_1.html

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