As the final contributor to the GST system, a consumer pays GST on the purchased product. If a consumer buys a product for ₹300 and pays 5% GST, the total cost becomes ₹315. The consumer cannot claim any input tax credit since they are the end user, thus bearing the entire GST ...
(Abolished as of July 1, 2017 with the introduction of GST). Welfare of automobile segment.1% on petrol, LPG, compressed natural gas (CNG) cars which are less than 4mts in size made with engines of maximum 1200cc. 2.5% on diesel vehicles that are less than 4mts in size and less tha...