Techno-Hints

It's been around 3 weeks now (20 days to be precise) since the GST(Goods and Services Tax) was rolled out. GST has affected almost every segment of Indian population depending upon their needs and their purchasing style and also every item present in the market in terms of taxes what we had to pay on them before and what we have to pay now.

Likewise, GST has affected the automobile prices which is the most talked about topic these days, especially in the middle class segment. People who were planning to buy new car have parked their idea for the time-being just because nobody is sure how GST would impact the price of car they were planning to buy.

But now most of the automakers have revealed the updated price of their models. To give you a sigh of relief, let me tell you upfront that most of the cars are now cheaper compared to what they were priced before July 1.

First of all, let's see the Tax Rates on different segment of Cars post GST Implementation:

	Post GST Tax Rates
		Base	Cess	Net
Small Cars	Petrol	28%	1%	29%
	Diesel	28%	3%	31%
Mid-size cars		28%	15%	43%
Luxury cars		28%	15%	43%
SUVs		28%	15%	43%
Hybrids		28%	15%	43%
Electric		12%	0%	12%

Now, let's look at the pricing details for cars under different segments both pre and post GST. (Reference has been taken with respect to Ex-Showroom prices in Delhi).On Road price differences would be slightly different as extra 3% would be levied on Insurance as part of GST. Here is the impact on:

Luxury Car Models :

Model	Pre-GST Price Range	Post-GST Price Range	Price Difference
Jaguar XJ	Rs 1.02 crore	Rs 97.39 lakh	Rs 5.11 lakh down
Jaguar F Pace	Rs 1.19 crore	Rs 1.10 crore	Rs 8.46 lakh down
Range Rover (LWB)	Rs 2.19 crore	Rs 1.70 crore	Rs 49 lakh down
Land Rover Evoque	Rs 67.9 lakh	Rs 56.97 lakh	Rs 10.93 lakh down
Honda BR-V	Rs 9.12 lakh	Rs 8.93 lakh	Rs 0.19 lakh down
Honda CR-V	Rs 22.64 lakh	Rs 21.53 lakh	Rs 1.11 lakh down
Skoda Octavia	Rs 23.35 lakh	Rs 22.15 lakh	Rs 1.2 lakh down
Skoda Superb	Rs 32.1 lakh	Rs 30.81 lakh	Rs 1.29 lakh down
Toyota Corolla Altis	Rs 19.91 lakh	Rs 18.67 lakh	Rs 1.24 lakh down
Toyota Fortuner	Rs 31.86 lakh	Rs 29.18 lakh	Rs 2.68 lakh down
Audi RS7	Rs 1.60 crore	Rs 1.58 crore	Rs 1.04 lakh down
Audi R8	Rs 2.55 crore	Rs 2.53 crore	Rs 1.3 lakh down
Isuzu MU-X	Rs 25.99 lakh	Rs 24.35 lakh	Rs 1.64 lakh down
D MAX V Cross	Rs 13.3 lakh	Rs 12.72 lakh	Rs 0.58 lakh down

Maruti Suzuki Models :

Model	Pre-GST Price Range	Post-GST Price Range	Price Difference
Alto 800	Rs 2.5 - 3.77 lakh	Rs 2.49 - 3.76 lakh	Rs 1,000 down
Alto k10	Rs 3.3 - 4.16 lakh	Rs 3.29 - 4.15 lakh	Rs 1,000 down
Baleno	Rs 5.28 - 8.43 lakh	Rs 5.26 - 8.42 lakh	Rs 2,000 - 1,000 down
Baleno RS	Rs 8.69 lakh	Rs 8.37 lakh	Rs 32,000 down
Celerio	Rs 4.04 - 5.25 lakh	Rs 4.03 - 5.23 lakh	Rs 1,000 - 2,000 down
Ciaz	Rs 7.72 - 10.52 lakh	Rs 7.65 - 11.44	Rs 7,000 down - 92,000 up
Dzire	Rs 5.45 - 9.41 lakh	Rs 5.42 - 9.39 lakh	Rs 3,000 - 2,000 down
Ertiga	Rs 6.22 - 9.38 lakh	Rs 6.15 - 10.44 lakh	Rs 7,000 down - 1.06 lakh up
Eeco	Rs 3.28 - 4.34 lakh	N.A. - Rs 4.32 lakh	N.A. - Rs 2,000 down
Gypsy	Rs 6.26 - 6.41 lakh	Rs 6.16 - 6.3 lakh	Rs 10,000 - 11,000 down
Ignis	Rs 4.59 - 7.8 lakh	Rs 4.56 - 7.54 lakh	Rs 3,000 - 26,000 down
Omni	Rs 2.67 - 2.69 lakh	Rs 2.66 - 2.68 lakh	Rs 1,000 down
S-Cross	Rs 8.07 - 12.03 lakh	Rs 7.94 - 11.66 lakh	Rs 13,000 - 37,000 down
Swift	Rs 4.8 - 7.46 lakh	Rs 4.79 - 7.46 lakh	Rs 1,000 down - 0
Vitara Brezza	Rs 7.26 - 9.82 lakh	Rs 7.23 - 9.91 lakh	Rs 3,000 - 9,000 up
WagonR	Rs 4.15 - 5.36 lakh	Rs 4.14 - 5.34 lakh	Rs 1,000 - 2,000 down

As you see, except for CIAZ and Ertiga SHVS, mostly all other car prices have gone low (upto 3%) in Maruti Suzuki. And the only reason for the increased price for these 2 cars have been the very fact that earlier both of these models used to benefit from the government subsidies given on Hybrid/Mild-Hybrid vehicles.But after GST implementation, these benefits are no longer applicable and hence this increase in price.

Ford Models :

Model	Pre-GST Price Range	Post-GST Price Range	Price Difference
Figo	Rs 4.75 - 7.73 lakh	Rs 4.73 - 7.62 lakh	Rs 2,000 - 11,000 down
Figo Aspire	Rs 5.45 - 8.29 lakh	Rs 5.415 - 8.159 lakh	Rs 3,500 - 13,100 down
EcoSport	Rs 7.18 - 10.76 lakh	Rs 7.102 - 10.713 lakh	Rs 7,800 - 4,700 down
Endeavour	Rs 25.49 - 31.5 lakh	Rs 23.912 - 29.89 lakh	Rs 1.578 - 1.61 lakh down
Mustang	Rs 66.3 lakh	Rs 69 lakh	Rs 2.7 lakh up

As evident, Ford has reduced the prices of its vehicles by upto 4.5 percent with immediate effect.

Hyundai Models :

Model	Pre-GST Price Range	Post-GST Price Range	Price Difference
Hyundai Eon	Rs 3.32-4.56 lakh	Rs 3.31-4.56 lakh	Rs 1,000 down - 0
Hyundai Grand i10	Rs 4.59 - 7.37 lakh	Rs 4.55 - 7.30 lakh	Rs 4,000 - 7,000 down
Hyundai Elite i20	Rs 5.36 - 9.07 lakh	Rs 5.31 - 8.97 lakh	Rs 5,000 - 10,000 down
Hyundai Xcent	Rs 5.38 - 8.41 lakh	Rs 5.33 - 8.39 lakh	Rs 2,000 - 5,000 down
Hyundai i20 Active	Rs 6.78 - 9.78 lakh	Rs 6.68 - 9.63 lakh	Rs 10,000 - 15,000 down
Hyundai Verna	Rs 7.95 - 13.17 lakh	Rs 7.84 - 12.62 lakh	Rs 11,000 - 55,000 down
Hyundai Creta	Rs 9.28 - 14.56 lakh	Rs 8.92 - 13.93 lakh	Rs 36,000 - 63,000 down
Hyundai Elantra	Rs 13 - 19.31 lakh	Rs 12.48 - 18.46 lakh	Rs 52,000 - 85,000 down
Hyundai Tucson	Rs 19 - 25.01 lakh	Rs 18.13 - 23.86 lakh	Rs 87,000 - 1.15 lakh down
Hyundai Santa Fe	Rs 29.58 - 33 lakh	Rs 27.86 - 31.07 lakh	Rs 1.72 - 1.93 lakh down

Nissan Datsun Models :

Model	Pre-GST Price Range	Post-GST Price Range	Price Difference
Nissan Micra Active	Rs 4.61- 5.42 lakh	Rs 4.58 - 5.46 lakh	Rs 3,000 - 4,000 down
Nissan Micra	Rs 5.99 - 7.23 lakh	Rs 5.95 - 7.27 lakh	Rs 4,000 down - 4,000 up
Nissan Sunny	Rs 6.99 - 8.99 lakh	Rs 6.89 - 8.93 lakh	Rs 10,000 - 6,000 down
Nissan Terrano	Rs 9.99 - 14.2 lakh	Rs 9.84 - 14.03 lakh	Rs 15,000 - 17,000 down
Datsun redi-Go	Rs 2.41 - 3.41 lakh	Rs 2.41 - 3.39 lakh	Rs 0 - 2,000 down
Datsun Go	Rs 3.83 - 4.24 lakh	Rs 3.81 - 4.22 lakh	Rs 2,000 down
Datsun Go+	Rs 4.56 - 5 lakh	Rs 4.54 - 4.97 lakh	Rs 2,000 - 3,000 down

Tata Motors Models :

Model	Pre-GST Price Range	Post-GST Price Range	Price Difference
Bolt	Rs 4.78 - 7.43 lakh	Rs 4.63 - 7.16 lakh	Rs 15,000 - 27,000 down
Hexa	Rs 11.99 - 17.66 lakh	Rs 10.95 - 16.23 lakh	Rs 1.04 - 1.43 lakh down
Nano	Rs 2.29 - 3.26 lakh	Rs 2.29 - 3.26 lakh	Rs 0
Safari Storme	Rs 10.72 - 15.72 lakh	Rs 9.78 - 14.47 lakh	Rs 94,000 - 1.25 lakh down
Sumo	Rs 7.26 - 8.7 lakh	Rs 6.86 - 8.03 lakh	Rs 40,000 - 67,000 down
Tiago	Rs 3.3 - 5.68 lakh	Rs 3.21 - 5.64 lakh	Rs 9,000 - 4,000 down
Tigor	Rs 4.7 - 7.09 lakh	Rs 4.58 - 6.87 lakh	Rs 12,000 - 22,000 down
Zest	Rs 5.29 - 8.74 lakh	Rs 5.16 - 8.48 lakh	Rs 13,000 - 26,000 down

As evident, Tata Motors has also reduced the prices of its vehicles by upto 12 percent.

So, if we have to conclude this, introduction of GST has brought some good news for new Car Buyers as all cars barring hybrid vehicles have become more affordable than before. Although there will be some increase in insurance costs and loan EMIs as service tax has been increased from 15 percent to 18 percent.

Have any questions or queries? Please do comment below. Would be happy to answer them.

Forgetting the EPF UAN password and no more having the access to the Registered Mobile Number is the most discussed about Problem I have seen on the internet. And to my surprise, I couldn't find even a single working solution anywhere, thanks to the major flaw in the functionality of Government website which didn't even let you change your UAN password unless you had an access to your registered Mobile Number.

While some say that this was not a flaw but a security measure to keep anyone with bad intention away from your account, I still strongly feel that it was a major miss which was realized by the Government too and was being worked on all this while and finally we have the working solution in place. Let's take a look at it.

Here is how it works.....

The old EPF UAN website (https://uanmembers.epfoservices.in/) has now been migrated to a whole new and indeed a better version (https://unifiedportal-mem.epfindia.gov.in/memberinterface/).

1) Visit this new website and click on Forgot your password option.

2) Enter your UAN No. and Captcha and click on Verify.

3) Your registered mobile No. would be displayed on the screen and you would be given two buttons, Yes | No . Click on No to change the Registered Phone Number.

4) On the next screen, once again enter your UAN and Captcha and click on Verify.

5) Next enter your asked details like Name, Date of Birth,Gender, KYC Type and the Document Number and click on Verify.

6) Clicking on Verify button will open up a new textbox where you can enter your New Mobile Number to get the authorization pin. After entering your new Phone Number, click on Get Authorized Pin.

7) Enter the received Authorization Pin and click on Update

8) After this, you would receive the success message on the screen.

9) Repeat the Steps 1 and 2 given above

10) After completing Step 2 once again, this time you would see the Updated Registered Phone Number on the screen. Click on Yes and then click on Get Authorized Pin

11) Next, enter the Authorization Pin received on your new Registered Phone Number and fill in the New Password and Confirm Password boxes and click on Submit. (Follow the instructions in red for the accepted passwords)

And you are done. You can now login to your UAN account with this new password.

As on 28/02/2017, you can only find the details of all PF accounts linked to your UAN but the passbooks for the PF accounts are not uploaded yet. We will have to wait for another few days to get our passbooks uploaded to this new UAN portal.

Do like,share and comment if the information was helpful.