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The government at the 36th GST Council Meeting made a strong push for green modes to transport by slashing the GST rate on the cleaner vehicles from 12% to 5%. Additionally, the council has also reduced the GST rate on chargers or charging stations for electric vehicles from 18% to 5%. As a result, manufacturers of electric vehicles like...
Suzuki India welcomes the revolutionary new GST tax reform and has decided to pass on the benefits of the reform to its customers.
A unified Indian market will be beneficial for the automobile sector as it would have a leveling impact. There will be less price variations across the nation.
Under the GST,...
Bajaj Auto has reduced the price of its motorcycles up to Rs 4,500 effective from June 14th 2017.
The Goods and Services Tax (GST) on the motorcycles will be implemented from 1st July 2017. Motorcycles above 350cc will attract an additional cess of 3%. The current GST tax rate for the motorcycles is 30%, whereas the revised GST tax...
