A Middle Class Person wants to Buy 2 Wheeler for his family. He works hard, saves money & test rides a TVS Jupiter. He feels it is good for his small family.
He enquires the cost.
Ex Showroom Price is โน76000. He realizes that this price includes 18% GST (around โน11000). 18% YES, THAT'S RIGHT. Base Price is around โน65000.
โน13000 Road Tax + Registration. Both PAID TO Government.
โน6000 for a Motor Insurance (18% GST ~โน1000 to Govt). Yes that is 18% GST.
Accessories โน5000 (GST included)
So, now he totally has to pay โน1,00,000.
He calculates that he eventually pays 70% to Dealer, 5% to Insurance company & 25% to Government. He has already paid 20%-30% tax to the Government in the First Place ๐๐
He feels a bit let down. But then he asks himself:
- Why am I Paying 18% GST on a 2 Wheeler when I have paid 20%-30% Tax already on my income?
- Why am I Paying 18% GST on Motor Insurance when this is supposed to Protect me in case of Accident?
- I am not taking any Loan, but still I Pay almost โน25000 to Government just to buy a Vehicle for my Family. I pay โน70000 to the Vehicle Dealer & โน5000 to the Insurer. They also have to make some money out of it.
So I am actually paying Government so much for the Vehicle.
He asks these questions, but realizes that he is Middle Class. He pays the Taxes, buys the Vehicle, Takes Photograph & Goes Home to Enjoy with Family. He goes back to Work the next day, so that he can afford many other things. Cycle Continues...
This is the Story of Every Middle Class of India ๐โค๏ธ
@FinMinIndia - You need to answer the questions asked by this Middle Class Person. Don't you think?
If you are a Hard Working Honest Middle Class Reader like Me, Share this Story until the Government takes notice & Becomes Accountable.
#FI
@volklub Got it. Thank you. I am not a very tall individual. Barely 5.2. Wondering if i should go for compact SUV pr not. Then i will be left with Altriz only
@volklub
Need help in choosing a car. I'm new to driving in India and want a safe, practical automatic car. Budget: 10-12 lakhs. Considering Tata Altroz 2025, Honda Amaze CVT or i20. Thoughts? Any better options?
@volklub@meKMReddy@volklub
Need help in choosing a car. I'm new to driving in India and want a safe, practical automatic car. Budget: 10-12 lakhs. Considering Tata Altroz 2025, Honda Amaze CVT. Thoughts? Any better options?
@pkothavade@Nigel__DSouza Virupaksh Deshpande, Age 61, admitted in KEM hospital Mumbai Contact person Sagar - 98675 28528. Let me know if anything is possible. Either Liposomal Amphotericin B injection or Amphotericin B emulsions. Need quite a few vials