Maruti Suzuki recently announced price reduction across its product portfolio as a result of the GST revision of tax slabs. As per the revision recently introduced by the government, two broad tax slabs exist including 18% and 40%. The former includes petrol cars with engines smaller than 1,200cc will be taxed at 18% along with diesel cars with engines smaller than 1,500cc. Additionally, sub-4 metre cars will be taxed at 18%.
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