Hi everyone from KERALA,
Happened to see a message/thread in this forum discussing about possible change in cost of bike with effect from 1st of April; which is based on a message posted in Team-bho by some one in kerala who have booked his S750 in Kochi HD.
The discussions happening in above thread is about possible hike in Ex-Showroom price of the bike. Actually, what the guy who posted in team-bhp meant is about the road tax hike from April 2014 in KERALA.
Below is the pdf files pertaining to the Tax Revisions.
For Finance bill 2014-15
http://www.keralamvd.gov.in/images/mvd/circulars/2014/financebill2014-15.pdf
(Read page 14, clause - 3)
http://www.keralamvd.gov.in/images/mvd/circulars/2014/taxschedule-2014.pdf
Circular (This IS very important)
http://www.keralamvd.gov.in/images/mvd/circulars/2014/02-14.pdf
(Read clause 13, for taxing method)
Hope these helps and eliminate all the speculations and apprehensions.
So basically, we have to pay 10% of Purchase Value (this is NOT Ex-Showroom Price); ie, of BASIC PRICE of the bike. Basic value is the figure WITHOUT tax elements (less VAT & Cess)
NOTE - Ex-Showroom Value = Basic Price + VAT + Cess
Hope this will be useful to all who plan to puchase a vehicle after this financial year. (end of march-14)
Am yet to get the breakup of Ex-Showroom Price from HD Kochi. Will post as soon as I get it.
Happened to see a message/thread in this forum discussing about possible change in cost of bike with effect from 1st of April; which is based on a message posted in Team-bho by some one in kerala who have booked his S750 in Kochi HD.
The discussions happening in above thread is about possible hike in Ex-Showroom price of the bike. Actually, what the guy who posted in team-bhp meant is about the road tax hike from April 2014 in KERALA.
Below is the pdf files pertaining to the Tax Revisions.
For Finance bill 2014-15
http://www.keralamvd.gov.in/images/mvd/circulars/2014/financebill2014-15.pdf
(Read page 14, clause - 3)
http://www.keralamvd.gov.in/images/mvd/circulars/2014/taxschedule-2014.pdf
Circular (This IS very important)
http://www.keralamvd.gov.in/images/mvd/circulars/2014/02-14.pdf
(Read clause 13, for taxing method)
Hope these helps and eliminate all the speculations and apprehensions.
So basically, we have to pay 10% of Purchase Value (this is NOT Ex-Showroom Price); ie, of BASIC PRICE of the bike. Basic value is the figure WITHOUT tax elements (less VAT & Cess)
NOTE - Ex-Showroom Value = Basic Price + VAT + Cess
Hope this will be useful to all who plan to puchase a vehicle after this financial year. (end of march-14)
Am yet to get the breakup of Ex-Showroom Price from HD Kochi. Will post as soon as I get it.