ilmscore | Prediction Details
"and as far as other little bit luxurious items are concerned uh something like luxurious cars uh be televisions bigger size televisions they are also going to come down but all in all market unfortunately has not given a big thumbs up to this entire GST revamp or what can we say 2.0 or whatever. ... luxury Cars like Mercedes fit into the 28% category right now. But believe it or not, the cess on GST is one somewhere between 1 to 22%. I mean additional cess which you have to pay and the effective rate goes up crazily almost 45% or whatever. It's a compensation sess. Uh so I've paid almost 45 50% tax on Mercedes. Uh but with this new GST uh 2.0 changes uh the GST will come down to 40% without cess so luxury cars will be a shade cheaper"
By CA Rachana Phadke Ranade | September 4, 2025 | Pending
From video
Market Bearish In spite of GST Reforms | CA Rachana Ranade 00:32:13 - 00:32:48
Interpreted Prediction
Luxury cars will become 'a shade cheaper' as GST rates will reduce to 40% (without cess) from the current effective rate of around 45-50% (including cess).
AI Evaluation Notes
To evaluate the accuracy, I need to find out the current GST rate on luxury cars and compare it to the predicted rate of 40% without cess. I will search for this information.

Prediction Details

Topic
Luxury Cars

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