Heavy bikes, yachts, private jets to attract 31% GST

Motorcycles of more than 350 cc engine capacity will attract a total of 31 per cent tax under the GST regime, same as the tax incidence on private aircraft and luxury yachts.

According to the rate structure finalised by the GST Council here, all cars, buses, trucks and motorcycles including moped as well as personal aircraft and luxury yachts will attract a peak Goods and Services Tax (GST) of 28 per cent. All classes of cars and SUVs as well as motorcycles of more than 350 cc engine capacity will also attract an additional cess.

The cess for motorcycles with more than 350 cc engine has been kept at 3 per cent, taking the total incidence of taxation to 31 per cent. This is the same as that for private aircraft and luxury yachts.

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