Taxes on Car: In India, employees from various sectors frequently voice their concerns regarding the tax system. While some individuals choose to express their frustrations through memes on social media, many others take to these platforms to elucidate the tax burdens faced by the average consumer on various products.
An request to FM Nirmala Sitharaman…
Recently, a particular post has gained significant traction online, wherein an individual has directed inquiries to Finance Minister Nirmala Sitharaman concerning the 48 percent tax levied on the XUV 700 vehicle. The user has tagged the Finance Minister in their post, prompting a surge of reactions in the comments section. Many users are now openly sharing their opinions on the taxation issue following this post.
The user has shared an image of the receipt for the XUV700 car, which indicates that the price of the diesel variant is Rs 14,58,783. Subsequently, the state government imposes a 14 percent SGST amounting to Rs 2,04,229 on the vehicle. The central government then applies an equivalent CGST charge. Additionally, a 20 percent GST cess tax of Rs 2,91,756 is also added to the cost of the car.
48% tax on buying a car, and that’s after already paying 31.2% income tax. What is this, @FinMinIndia? Is there no limit to this daylight robbery? Your incompetence and inefficiency are dragging India backward. This is absolutely shameful! pic.twitter.com/uyyDUCMrHi
— Venkatesh Alla (@venkat_fin9) January 28, 2025
According to the bill, which is posted on the social media post, what initially appears to be a vehicle priced at approximately Rs 14,59,000 ultimately costs the individual Rs 21,59,000. Following the revelation of this receipt, users have begun to express their thoughts in the comments, and the individual who shared the slip has also posed further questions to the Finance Minister.