The SUV market is becoming increasingly popular in the country, but there is a lot of doubt about the amount of GST to be paid on it. Now the government has given clear information about this.
GST on SUVs: These days SUV vehicles are becoming the first choice of people in India. Heavy GST is also levied on the purchase of these vehicles, as well as cess i.e. cess is also to be paid. GST Council meeting in December (GST Council Meeting) there has been some doubt about its rate on SUVs, about which the Central Board of Indirect Taxes is now (CBIC) Gave clear information.
CBIC on Friday sent clarification to its senior field officers regarding the rate of GST and Cess applicable on SUVs. Through this, they have been informed about the GST rates fixed in December.
This much GST will be charged on SUVs
The officials had sought clarification from the CBIC regarding the rate of tax on certain types of vehicles which attract a GST cess of 22 per cent. On this, CBIC has clarified that GST cess at the rate of 22 percent will be applicable only on those motor vehicles which fulfill 4 special conditions.
According to CBIC, these vehicles are commonly known as SUVs. Their engine is 1500cc or more. Their length is more than 4000mm. At the same time, their ground clearance is 170mm or more.
GST on fruit drink or fruit juice
Along with this, CBIC has also cleared the confusion regarding GST levied on carbonated beverages containing fruit drinks or carbonated beverages containing fruit juice. CBIC says that both these types of drinks will attract GST at the rate of 28 percent and Cess at the rate of 12 percent. While the GST rate on snack packets like fries will be 18 percent.
Experts believe that this order of CBIC is going to remove the confusion of GST on SUVs as well as tax rate on many other items.
