Here are some goods that will be expensive after GST
With the Parliament clearing the way for four crucial GST bills in its April session, India's landmark tax reform is all set for its rollout on July 1.
While it is expected that most goods may become cheaper after the implementation of the Goods and Services Tax, quite a few services and some goods will become more expensive after the tax comes into effect. It is also expected that the Indian economy will see an inflationary effect immediately after the implementation of the GST.
Prices are ex-showroom for Delhi. Valid till June 30 (revised based on the cut that kicks in from July 1 due to GST)
Mercedes S-Class Maybach 500
Current: Rs 1.87 crore
After GST: Rs 1.80 crore
Image: Courtesy www.mercedes-benz.co.in
Audi A4 (Technology TDI)
Current Rs 43.30 lakh
After GST: Rs 36.99 lakh
Image: Courtesy www.audi.in/
Audi A6 (Technology TDI)
Current Rs 53.75 lakh
After GST: Rs 46.49 lakh
Image: Courtesy www.audi.in/
Mercedes CLA
Current Rs 32 lakh
After GST: Rs 30.6 lakh
Image: Courtesy www.mercedes-benz.co.in/
Audi Q3 (Premium TDI)
Current Rs 34.20 lakh
After GST: Rs 30.49 lakh
Image: Courtesy www.audi.in/
Consumers pay 23 to 28 per cent tax on these currently.
Some states charge 5 per cent octroi over and above this.
Audio systems could become marginally dearer at places that don't charge octroi, like Delhi.
For places that do, like Mumbai, prices could fall marginally. Some retailers say they might not pass on the added cost to consumers.
All prices are MRP; prices after GST are estimates
BeoLab 90
Current Rs 75 lakh (for a pair)
After GST: Rs 78.75 lakh
Image: Courtesy www.bang-olufsen.com
Bose Lifestyle 650
Current Rs 4 lakh
After GST: Rs 4.19 lakh
Image: Courtesy www.boseindia.com
Consumers pay 23 to 28 per cent tax on these currently.
Some states charge 5 per cent octroi over and above this.
Television sets could become marginally dearer at places that don't charge octroi, such as Delhi. For places that do, like Mumbai, prices could fall marginally.
All prices are MRP; prices after GST are estimates
LG OLED 77W7
Current Rs 30 lakh
After GST: Rs 31.5 lakh
Image: Courtesy www.lg.com/in
Samsung Q9F QLED TV
Current Rs 24.99 lakh
After GST: Rs 26.24 lakh
Image: Courtesy www.samsung.com/in
Consumers pay 23 to 28 per cent tax on these currently.
Some states charge 5 per cent octroi over and above this.
Refrigerators could become marginally dearer at places that don't charge octroi, like Delhi. For places that do, like Mumbai, prices could fall marginally.
All prices are MRP; prices after GST are estimates
Samsung RF28K9380SG
Current Rs 2.65 lakh
After GST: Rs 2.78 lakh
Image: Courtesy www.samsung.com/in
LG GR-D35FBGHL
Current Rs 3.35 lakh
After GST: Rs 3.51 lakh
http://www.lg.com/in
Image: Courtesy www.lg.com/in
Mobile phones are taxed at 13.5 per cent currently. After GST, this will increase to 18 per cent.
But if phones/components are made in India, they could be taxed lower.
Most luxury phones are made outside India and could look at a price rise of around 3.5 per cent
All prices are MRP; prices after GST are estimates
Vertu Signature Touch for Bentley
Current Rs 16.59 lakh
After GST: Rs 17.17 lakh
Image: Courtesy www.vertu.com
The tax burden on collectors of antique coins increases from 1 per cent to 5 per cent once GST kicks in
All prices are MRP; prices after GST are estimates
Gupta, Chandragupta II
(c. 375-414), gold dinar, archer type; seated Laxmi on reverse; 7.9 gm
Current Rs 18,180
After GST: Rs 18,900
EIC, Madras Presidency, Pagoda; obv: temple design with nine stars on each side; reverse: standing Vishnu ex-mount; 5.9 gm
Current Rs 24,240
After GST: Rs 25,200
Awadh, Saadat Ali (1798-1814), Mohur, Lucknow; 10.6 gm
Current Rs 22,725
After GST: Rs 23,625