New GST Rates on Bike: Automobile Desk. New rates of GST in the country have increased concern for bike lovers. The government has recently changed the tax rates applicable to many popular bikes, which will increase their prices. The special thing is that this change will not be limited only to new bikes, but some models already sold can also affect.

People who are fond of buying bikes can now be wondered which bike will be the most beneficial and whose price has increased. Experts say that due to increasing GST, buyers will now have to spend more money than before.

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In this news, we will give you a full list of popular bikes, whose prices are going to increase, so that you can take the right decision according to your budget. Apart from this, we will also tell when the new rates will be implemented and how will it affect both customers and dealers.

If you are planning to take a bike, then this information is very important for you.

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Which bikes will be expensive? (New GST Rates on Bike)

The list of bike companies includes major popular bikes, which will now increase the prices. It also includes bikes with small engine to large engine bikes. According to the new rate, the prices of old models may increase by 2% to 5%.

Reason for price increase (New GST Rates on Bike)

The government has increased the rate of GST on luxury and high-end bikes. Its purpose is to increase tax collection and control the sale of bikes with high engine in terms of environment.

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The effect of this change (New GST Rates on Bike)

1. Mid-range bike Such as Hero Splendor, TVS Apache and Honda CB Shine will have an effect of Rs 2,000–3,500.
2. High-end computer and cruiser Bikes like Royal Enfield Classic 350, Meteor 350 and Dominar 400 can increase by Rs 8,000–10,000.
3. New prices Customers planning shopping It is necessary to keep in mind because now the bikes are going to be expensive.

What should customers do? (New GST Rates on Bike)

If you are thinking of taking a new bike, then it would be better to take a decision soon. After the new GST rate is implemented, the prices of the bike will increase, which will affect the budget.

People who buy bikes will now have to take care of this change. Whether he is buying the first bike or upgrading, the expenditure will increase according to the new GST rate.

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