Car and bike companies offer Pre-GST discounts on day before rollout
If you are still looking to car or a bike, this might be a last chance to get a discount on the price. With the goods and service tax (GST) to be rolled out at 12am midnight, today is the last day to avail the pre-GST sale being offered by car companies and two-wheelers that are looking to offload their inventory.
While input tax credit is available on transition inventory, trade channels are unclear on the process for claiming these benefits and are liquidating stocks.
While luxury car makers such as Mercedes Benz, BMW, Audi were the first to offer pre-GST sale, later we saw other car companies such as Maruti Suzuki, Hyundai, Honda Cars, Nissan, Mahindra & Mahindra and Ford India come out with various pre-GST sale.
In fact, the discounts offered during these last few hours have increased significantly. For instance, Maruti Suzuki’s Alto, which was earlier being offered at a pre-GST discount of Rs 30,000, is now being offered at a higher discount of Rs 35,000 to Rs 40,000, said a Financial Express report, while Tata Zest is being offered at a discount of Rs 70,000 to Rs 75,000.
Even Maruti Swift is now being offered at a price that is …read more