What is the Effect of GST on the Price of Bikes?
Should I buy now or wait for GST price?
The GST has implemented a straight 28 percent taxes on two wheelers below 350cc engine bracket. Previously the uniform tax rate was 30% of the excise duty for all the bikes, so the prices of bikes below 350 cc will be reduced. For all the bikes above 350 cc engine there will be an additional 3 percent tax system, therefore an increase in taxes.
This simply means that if you buy a Royal Enfield with a 346cc engine, it will be INR 3000-4000 cheaper. And on bikes like KTM 390 Duke, Bajaj Dominar 400 and others similar bikes will get higher rate of taxes. And you will be paying less for bikes like Apache RTR 200 and KTM 200 Duke.
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