Big News! Compact SUVs like Venue, Brezza, Sonet might get cheaper as GST charges revised

Big News! Compact SUVs like Venue, Brezza, Sonet might get cheaper as GST charges revised
Big News! Compact SUVs like Venue, Brezza, Sonet might get cheaper as GST charges revised

As per a current official GST Council launch, it has been really helpful that GST charges be diminished to five % or nil for a number of objects. One of the directives that stands out for TOI Auto readers, is concerning the GST tax charges at present levied on SUVs. The present charges differ between 20 to 22 % throughout the board and the factors for a motorcar to be categorised as an SUV varies throughout states. The council chaired by Union Finance Minister, Nirmala Sitharaman, has now determined a sure standards primarily based on which a automobile could be categorised as an SUV and entice as much as 20-22% GST.

2022 Maruti Suzuki Brezza vs 2022 Hyundai Venue: Things to know earlier than shopping for them | TOI Auto

Under the brand new standards, a automobile exceeding engine capability of 1,500 cc, 4,000 mm in size and exceeding 170 mm in floor clearance will probably be categorised as an SUV. Considering excise, VAT, street tax, motorcar tax and GST of 20-22%, the efficient taxes on an SUV are virtually at 50 %. However, this could now change for patrons taking a look at smaller, compact SUVs.

2022 Hyundai Venue

2022 Hyundai Venue

Based on the above standards, standard compact SUV choices such because the Hyundai Venue, Kia Seltos, Maruti Suzuki Brezza and Mahindra XUV 300, might now grow to be cheaper and entice a significantly decrease GST tax charge of simply 5 %.
The Hyundai Venue is obtainable in each petrol and diesel engine choices, the diesel engine has a 1,493 cc capability and the 2 petrol choices are 998 cc and 1,197 cc respectively. The Venue additional has a most size of three,995 mm and a floor clearance of 190-195 mm. The Kia Sonet additionally sports activities the identical dimensions and will get each 1.0 and 1.2-litre petrol engine choices.

Tata Nexon

Tata Nexon

The Maruti Suzuki Brezza is one other compact SUV that might grow to be cheaper now, it will get 1,462 cc petrol engine and has a size of three,995 mm. However the bottom clearance is at 200 mm.
Then there are the Tata Nexon and Mahindra XUV 300 compact SUVs, the Nexon will get a 1,497 cc diesel and a 1,199 cc petrol engine choice. It has a size of three,993 mm and a 209 mm floor clearance. The XUV 300 alternatively can also be being provided in a 1,497 cc diesel and a 1,199 cc petrol engine. It has a size of three,995 mm and floor clearance 180 mm.

Mahindra XUV 300

Mahindra XUV 300

While these standard fashions adhere to majority of the factors, the bottom clearance of the Mahindra XUV 300 is the closest to the prescribed restrict of 170 mm however nonetheless exceeding. After the forty eighth GST Council assembly, it was introduced that extra clarification might end in adjustments to costs of sure fashions. However, the automobile manufacturing corporations are nonetheless wanting into the matter.
What are your ideas on this newest growth? Should autos be taxed at a decrease charge within the nation?

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