GST effect: KTM slashes prices by up to Rs 8,600 in India
The GST finally came into effect across different sectors in India. The prices of various automobiles too have been affected by the new tax structure. The GST structure has replaced the central excise duty and service taxes that are collected by the central government. It can be seen as an indirect tax that intends to bring the country under a unified structure that will be applicable on manufacturers as well as service providers. While the previous taxation system included the excise duty, various forms of cess, VAT and NCCD, Goods and Services Tax (GST) will have only one tax and a certain percentage of cess. To understand how the prices have been altered across segment, here is our detailed GST breakdown. Here is KTM India's reaction on the new update.
And now KTM has shared its update on the post-GST prices in India. The company has decided to pass on the benefits to its customers. The ex-showroom prices of its sub-350cc range that includes the 200 Duke, RC 200 and 250 Duke have been reduced by up to Rs 8,600. Due to the additional cess on 350cc and above motorcycles, the reduction on ex-showroom prices of the 390 Duke and the RC 390 is up to Rs 5,900. The rate of reduction varies across locations depending on the VAT rates applicable prior to GST.