GST Rates taken for a Ride
(Jul 16, 2017 : The Times of India)
The state has come out with Goods and Services Tax (GST) rates for two-wheelers and four-wheelers.
Two and three wheelers below 99cc will attract 10% GST, those in the category of 99.1cc to 299cc will be levied 11%, above 299cc will be have 12% GST.
In case of four wheelers, GST for vehicles with a cost of below Rs 10 lakh the taxation rate will be 11% and 13% for petrol and diesel, respectively . For cars in the range of Rs 10 lakh to Rs 20 lakh, tax rate has been fixed at 12% and 14% for petrol and diesel, respectively . Those cars with price of above Rs 20 lakh will be at 13% and 15% for petrol and diesel respectively .
The idea of One Nation One Tax is thrown out of window by BJP led Maharashtra Government.
New GST rates of 11%, 13% and 15% introduced in addition to rates fixed by GST Council. more