The pan India roll out of Goods and Services Tax (GST) with effect from 1st of July aims at doing away with the multitude of indirect taxes that were levied by both States and Centre, with a simplified four tiered tax structure besides creating a single market. The new four tiered rates of 5%, 12%, 18%, and 28% is expected to boost the economy and create conditions for investors to invest in India. Like all other luxury goods, luxury cars too have been clubbed under the highest 28% tax slab…
Read MoreThe Sweet Impact of GST on Mercedes-Benz Prices
