Bajaj has updated prices for all their motorcycles as per the new GST to be implemented from July 1, 2017
Post GST, the goods tax, which currently is at 30 per cent, will go down to 28 per cent for motorcycles below 350cc engine capacity. Motorcycles with engine capacity over 350cc will be considered as a luxury investment and will attract a total of 31 per cent tax; 3 per cent more over affordable motorcycles. This turns out to be a good deal for people who are potential buyers in the sub-350cc category. There is a lot of confusion around the pricing of motorcycles post GST (Goods and Services Tax) is implemented.
Prices have only gone down for the goods tax; the service tax which includes the RTO and insurance will be going up though. A few manufacturers, including Bajaj, have offered the benefit of post GST prices from manufacturers’ front (which has been lowered by 2 per cent over the current prices) to the customers, though the addition of the revised insurance and RTO costs will make them Rs 1000 to Rs 2000 costlier post July 1, 2017. At present, it is difficult to guess the exact price change of the bikes post GST implementation and we will have to wait till July 1 to get the prices out.
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