High GST Rate major Contributor to Lowered Budget-Car Sales in India, says FADA
Advocating for an 18 percent GST, the President pointed out that increasing vehicle prices are making it difficult for rural customers to afford vehicles.
By Manu Sharma - On May 10, 2024 2:33 pm - 2 mins read
The President of the Federation of Automobile Dealers Associations (FADA) suggested that the Goods and Services Tax (GST) for automobiles should be reduced to at least 18 percent. This reduction is crucial as high GST rates are hindering the sales of small cars and entry-level two-wheelers. He emphasized that the high taxation particularly affects customers…
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