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Kolkata: Jaguar Land Rover India, which is assured college sales in aggregate in 2018, feels that aerial taxation can bind the advance anticipation of the Indian affluence car market, a top official said in Kolkata on Saturday.



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 Cars and tax | Australian Taxation Office

“We awash 3,954 units of Jaguar and Land Rover in 2017 agenda year, registering a 49 per cent advance in sales (over antecedent year 2016). We are attractive for college sales this year,” said Rohit Suri, President and Managing Director, Jaguar Land Rover India Ltd (JLRIL).



Asked whether the affluence car above is assured to beat the advance it accomplished in 2017, he said: “We do not know. It was actual acceptable growth. I do not anticipate it will be 49 per cent (this year).”



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 GST on luxury Cars and SUVs to increase Daily Post India

Although the affluence car industry was acquisitive a acceptable double-digit advance in 2018 as it (the industry) grew by about 13 per cent in 2017, the industry advance could end up in “a distinct chiffre or low double-digit” with access in community assignment and college taxation in GST, Suri said.

Speaking on college taxation, decidedly in Goods and Services Tax (GST) regime, he said: “After announcement GST at 43 per cent for these cars, net taxation has been added to 50 per cent for SUVs and 48 per cent for Sedans.

“This is actual aerial taxation. This restricts the advance of the all-embracing bazaar as the prices go up with college tax rates.”

He additionally said that the community assignment backpack as proposed in the account would added bind the advance of the market.

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 GST luxury cars: Higher cess under GST may hurt luxury car market ...

With the 11 per cent bazaar allotment in the affluence car bazaar in India, the auto above is optimistic of accretion its bazaar allotment with “growing popularity” of its cars, he said afterwards aperture of a new exhibit of Lexus Motors at Rajarhat in Kolkata.

The company’s administration arrangement stands at 27 outlets in 25 above cities beyond India, he said.

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 Lok Sabha passes bill for GST cess hike on luxury cars to 25% - Livemint
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Last Updated: October 4th, 2018 by admin2
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