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GST Effect: Toyota Slash Prices By Up To 12.29 Lakh

<p>Toyota Is Offering The Least Benefit Of Rs 20,000 On Its Etios Liva, While The Highest Of 12.29 Lakh, Is On The Land Cruiser Prado</p>

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Throughout the country, the biggest headlines on every news channel today is undoubtedly the new GST norms and its fallout. While some industries and tradecrafts are smiling ear-to-ear at the new benefits accorded to them, others aren’t so much. Amidst this, the automobile sector turned out to be, by far and large, one of the luckier ones, with car prices going down, except for hybrid vehicles. Toyota too has joined the bandwagon of carmakers extending the GST benefits to their consumers. The implementation of the goods and services tax (GST) has caused a revision in the ex-showroom prices of all Toyota models. Various taxes (excise duty, value added tax, different cesses etc) have been replaced by GST and the impact for the automotive industry has been largely positive.

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