2017 KTM Duke 390 | Know MoreAccording to GST, the bikes which are under 350cc, will now attract a tax rate of 28 percent instead of 30 percent under the old tax structure. For example, the price of Bajaj Pulsar NS200, Honda CB Hornet, and Suzuki Gixxer SF, has been slashed by a small margin. However, according to GST, the bikes which are above 350cc will attract 3 percent additional cess in addition to 28% as per the new tax rates. To sum it up, GST tax on bikes under 350cc is 28 percent (reduced from 30 percent) and GST tax on bikes above 350cc is 31 percent (increased from 30 percent).The price of bikes under 350cc has been reduced by around 2 percent and the bikes above 350cc got a price hike of around 1 percent. But it depends on the brand, some of the companies have reduced the prices and some of the brands have hiked the prices, like KTM has also increased the price of RC 200 and Duke 200, which are under 350cc!
Royal Enfield Classic 500 | Know MoreAfter the implementation of GST, changes can also be seen on the service side. The tax rate on spares has gone up to 28 percent while tax for services is even get higher by 3 percent. This will result in a bigger labor charge in your final bill after servicing. Hybrid vehicles now also cost more as 30.5 percent tax will waive off the incentives on offer and thus, resulting in more prices (INR 4.5 lakh increase in Toyota Prius) than ever. The prices in Delhi will get the smallest effect while states where high amount of taxes were charged will get the maximum benefits.
Bajaj Dominar 400 | Know MoreRelated Articles 1) Effect of GST on Cars & SUV Prices 2) Effect of GST on Mobile Phone Prices Post-GST Price Lists 1) Post-GST Bajaj Bikes Price List 2) Post-GST Renegade Price List 3) Post-GST KTM Price List 4) Post-GST Honda Price List 5) Post-GST Yamaha Price List 6) Post-GST Royal Enfield Price List 7) Post-GST Suzuki Price List 8) Post-GST TVS Price List 9) Post-GST DSK Benelli Price List Frequently Asked Questions About GST 1) What is the meaning of GST? 2) What are the GST Tax Slabs? 3) What are the benefits under GST? 4) What is the Full Form of GST? 5) How GST Works? 6) When will GST be Implemented? 7) What are the Taxes that GST Replaces? 8) What will be the Short-term Impact of GST?