2024-09-16 09:58:24
All EV's are taxed at 5%. [Link] NEEDS_MORE_RATINGS(2-0-1) Author
2024-09-16 10:27:43
The BMW i7 M70 costs 169,675 USD [Link] That is about 1.42 Cr INR. But base cost in India is about 1 Crore more. 1.67 times Where is extra money going? Most towards import duties which are also form of tax. Ergo, "rich" pay extra for such product and GST on top of it. NEEDS_MORE_RATINGS(7-0-1) Author
2024-09-17 06:20:31
Customs duty imposed by India on imported EVs (CBU) 100% on cars like the BMW i7 which cost above $40,000. Customs duty is subsumed in the ex-showroom room price along with GST but this duty has not been shown in the image [Link] NEEDS_MORE_RATINGS(2-0-0) Author
2024-09-17 08:31:07
IGST on imported cars (such as the BMW i7 EV) is 18%. [Link] There is also a 70% to 100% customs duty, with a special reate of 15% for EVs, PROVIDED the EV-car maker commits to $500mn capex in India. [Link][Link] NEEDS_MORE_RATINGS(5-0-0) Author
2024-09-17 15:06:35
Absolutely misleading post. EV like BMW i7 M70 suffers import duty and IGST in excess of 100%. GST is 5% EVs made in India not imported. The said duty and IGST is included in the price shown. The post starts with "Can you believe it?". My request to everyone. Don't believe!!! [Link] NEEDS_MORE_RATINGS(1-0-0) Author