“The passage of GST in Rajya Sabha is a landmark reform. A critical milestone towards Free Trade within India. It will also give a massive push to Make in India especially MSMEs. The ease and cost of doing business will receive a fillip and the width of the tax base will be enhanced.”
Implementation of GST was to create single unified large market with simplified tax structure for auto industry. However the recent rolling back to multiple rates with Pre GST classification has come as a set back […]
The recently finalised Goods and Services Taxes (GST) for the tractor industry is largely in line with expectations and the overall tax incidence for the industry remains neutral. While tractors are exempt from excise duty, […]
Overall benefits sum upto 12 percent on ex-showroom prices (GST benefits plus additional benefits) depending on choice of model. Additional benefits (in addition to GST benefits) on select models include • Reduced Rate of Interest […]
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