Automobile manufacturers have welcomed the Goods and Services Tax (GST) and many are passing on the benefits of reduced tax to consumers by reducing the price of their car models. Earlier, the tax incidence on cars ranged between 28 per cent and 45 per cent. After the implementation of GST in the country on July 1, the tax has been reduced to a maximum of 43 per cent.
Most of the automobile manufacturers have already started passing on the GST benefit to consumers. Here is a list of cars that you can purchase at a reduced price tag:
Maruti