New GST Slabs: The central government has given a big gift to the common people. Even before the festival, the government had cut the GST rates for the common people. The government has abolished the 12 percent and 28 percent slabs. Now the government has made GST slabs of only 5 percent and 18 percent. The auto sector will get the most benefit from the reduction in GST. The government has reduced the 28 percent GST on small cars and bikes to 18 percent. After this, vehicles and bikes with a capacity of up to 350 cc will become cheaper. The new GST slab will come into effect from September 22.
A discount will be available on 350 cc bikes
For information, let us tell you that many bikes and scooters are available in 350 cc. This includes both the Hero Splendor bike and the Honda Activa scooter. In such a situation, let us know how much the popular bike Hero Splendor and the popular scooter Honda Active will become cheaper due to the reduction in GST
How much cheaper will Hero Splendor become after the reduction in GST
For information, let us tell you that at present the price of Splendor is around Rs 79426, so after 18 percent GST, there will be a discount of Rs 7,943 in the price of this bike. After this, the price of Hero Splendor will become Rs 71,483.
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How much cheaper will the Honda Activa become after the reduction in GST
For information, let us tell you that at present the price of the Honda Activa is around Rs 81,045. In such a situation, if there is 18 percent GST, then there will be a discount of Rs 8,105 on this bike. After which, the price of the Honda Activa will become Rs 72,940.
According to the calculation, the effect of this reduction on GST will be completely on 98 percent of two-wheelers. In fact, 98% of two-wheelers have 350cc engines. In such a situation, most of the two-wheeler prices will be low.