Gst On Automobiles
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18% GST On All Two-Wheelers Critical: Royal Enfield's Siddhartha Lal
Lowering GST for under-350cc will help broaden access, but raising GST for above-350cc would damage a segment vital to India's global edge," Lal said.
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Acknowledge the Impact of GST on Cars
Considering the automobile business to be one of the leading businesses in any given country, it has affected India. The price of the car increased by a huge amount, but the method of implication made it quite different too.
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India Revenue Secretary Says Open To 'Tinkering' Tax Rates On Automobiles
India is open to discussing a change in tax rates on automobiles, the country's revenue secretary said on Wednesday, indicating receptiveness over negotiation on a long-standing request from automakers for lower taxes.
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Tata Motors Feels Government's Support In GST Cut Will Help PV Industry: Report
The home-grown automaker, Tata Motors has recently stated that any kind of support from the Government of India towards GST reduction would help the passenger vehicle segment immensely.
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Auto Stocks in Bullish Mode; Slowly Getting Back To Pre-Lockdown Levels
A clear trend indicates the Auto companies' stocks are now faring better at the markets after hitting record lows during the initial phase of the Coronavirus lockdown.
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GST Council Meeting: No Reduction In GST For The Auto Industry
The GST council has not announced any rate cuts on the passenger vehicles and that means there will be no change in the price of cars and bikes.
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GST Fitment Committee Opposes Tax Rate Cut On Automobiles
Late last week, the GST Fitment Committee, a panel of GST officials from the GST Council, came together to discuss the repercussions of GST rate cut on automobiles.
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Government Mulling On Reducing Tax Rates For Passenger Vehicles
SIAM and several automakers have asked for GST rates to be reduced on passenger vehicles and peg them under 18 per cent tax slab instead of 28 per cent.
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Auto Industry Welcomes FM’s Support To Revive Auto Sales; Expects Relief On GST Rates
While the auto industry is happy with the announcements made by the Finance Minister today, there's still a lot more that the industry expects from the government and dialogues to bring down the GST rate will continue
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Government Blinks, Announces Measures To Help Auto Sector
Relenting to some of the automobile industry's demands, the Finance Minister has announced some sops to revive the automobile industry that has been caught in an unprecedented slowdown. The key demand for reduction of the GST on vehicles has not been agreed to.
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Auto Industry United In Seeking Reduction Of GST Rate On Vehicles
The automotive industry is currently facing a daunting challenge of a deep slowdown that urgently needs some form of stimulus from the Government to supplement the efforts being made by the industry in reversing the industry fortunes towards positive performance.
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Strict GST Policies Hurting Automotive Dealers In India; FADA
The Federation Of Automobile Dealers Association or FADA, has requested the GST Council of India to charge interest on the Gross Value instead of the net Input Tax Credit Value.
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Only 35 Goods, Including Air Conditioners, Remain In Highest GST Bracket
The GST Council has pruned the 28 per cent slab by cutting tax rates on 191 goods over the last one year, leaving just 35 items, including ACs digital cameras, video recorders, dishwashing machine and automobiles, in the highest tax bracket.
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Government Raises Duty Drawback Rates On 102 Items To Boost Exports
The export items mainly include marine and seafood products, automobile tyres and bicycle tyres/tubes, leather and articles of leather, yarn and fabric of wool, glass handicrafts and bicycles, Finance Ministry said.
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Hyundai India Top Boss Reacts Strongly To Changes In GST Cess
Hyundai Motor India top boss YKKoo hit out at the frequent changes in tax rates on automobiles and went on to state that all the changes will have an adverse impact on the companys investment for new products and technology in India considering that there is an absence of a long term policy.
-
18% GST On All Two-Wheelers Critical: Royal Enfield's Siddhartha Lal
Lowering GST for under-350cc will help broaden access, but raising GST for above-350cc would damage a segment vital to India's global edge," Lal said.
-
Acknowledge the Impact of GST on Cars
Considering the automobile business to be one of the leading businesses in any given country, it has affected India. The price of the car increased by a huge amount, but the method of implication made it quite different too.
-
India Revenue Secretary Says Open To 'Tinkering' Tax Rates On Automobiles
India is open to discussing a change in tax rates on automobiles, the country's revenue secretary said on Wednesday, indicating receptiveness over negotiation on a long-standing request from automakers for lower taxes.
-
Tata Motors Feels Government's Support In GST Cut Will Help PV Industry: Report
The home-grown automaker, Tata Motors has recently stated that any kind of support from the Government of India towards GST reduction would help the passenger vehicle segment immensely.
-
Auto Stocks in Bullish Mode; Slowly Getting Back To Pre-Lockdown Levels
A clear trend indicates the Auto companies' stocks are now faring better at the markets after hitting record lows during the initial phase of the Coronavirus lockdown.
-
GST Council Meeting: No Reduction In GST For The Auto Industry
The GST council has not announced any rate cuts on the passenger vehicles and that means there will be no change in the price of cars and bikes.
-
GST Fitment Committee Opposes Tax Rate Cut On Automobiles
Late last week, the GST Fitment Committee, a panel of GST officials from the GST Council, came together to discuss the repercussions of GST rate cut on automobiles.
-
Government Mulling On Reducing Tax Rates For Passenger Vehicles
SIAM and several automakers have asked for GST rates to be reduced on passenger vehicles and peg them under 18 per cent tax slab instead of 28 per cent.
-
Auto Industry Welcomes FM’s Support To Revive Auto Sales; Expects Relief On GST Rates
While the auto industry is happy with the announcements made by the Finance Minister today, there's still a lot more that the industry expects from the government and dialogues to bring down the GST rate will continue
-
Government Blinks, Announces Measures To Help Auto Sector
Relenting to some of the automobile industry's demands, the Finance Minister has announced some sops to revive the automobile industry that has been caught in an unprecedented slowdown. The key demand for reduction of the GST on vehicles has not been agreed to.
-
Auto Industry United In Seeking Reduction Of GST Rate On Vehicles
The automotive industry is currently facing a daunting challenge of a deep slowdown that urgently needs some form of stimulus from the Government to supplement the efforts being made by the industry in reversing the industry fortunes towards positive performance.
-
Strict GST Policies Hurting Automotive Dealers In India; FADA
The Federation Of Automobile Dealers Association or FADA, has requested the GST Council of India to charge interest on the Gross Value instead of the net Input Tax Credit Value.
-
Only 35 Goods, Including Air Conditioners, Remain In Highest GST Bracket
The GST Council has pruned the 28 per cent slab by cutting tax rates on 191 goods over the last one year, leaving just 35 items, including ACs digital cameras, video recorders, dishwashing machine and automobiles, in the highest tax bracket.
-
Government Raises Duty Drawback Rates On 102 Items To Boost Exports
The export items mainly include marine and seafood products, automobile tyres and bicycle tyres/tubes, leather and articles of leather, yarn and fabric of wool, glass handicrafts and bicycles, Finance Ministry said.
-
Hyundai India Top Boss Reacts Strongly To Changes In GST Cess
Hyundai Motor India top boss YKKoo hit out at the frequent changes in tax rates on automobiles and went on to state that all the changes will have an adverse impact on the companys investment for new products and technology in India considering that there is an absence of a long term policy.
