Luxury bikes to see price hike after GST
Posted on: 17/Jun/2017 3:55:42 PM
At a time when the pre-GST sales have started and fashion products and online sellers have started their sales, price of luxury bikes have seen a price hike.
As GST tax is likely to get imposed on 1st of July, there are sales announced by lot of apparel stores, fashion firms, and bike showrooms. There are a number of offers announced by online portals as well. Amidst these, the bike rates are hiked by companies.
Though high-end bike makers like Royal Enfield have already announced offers, a few other brands have not announced offers. Under GST tax, 28 percent tax is imposed on 350CC bike. After the new tax rules, there will be hike in price, say leading bike manufacturers.
At the same time, a few brands like Royal Enfield have announced exciting offers.
