The Society of Indian Automobile Manufacturers said the high tax rate on automobiles has social consequences, and wants the govt to consider reducing GST to 18% from 28%.
Car manufacturer Maruti Suzuki's decision to shut production for 2 days comes at a time the company, along with the auto industry, has taken a big hit.
Dilemma of US automakers over technology illustrates how any serious US effort to block high-tech exports to contain China would be both delusional & self-destructive.
Peter Manuel's ‘Cassette Culture’ showed the booming Bhakti music during the '80s and '90s when Anoop Jalota, Gulshan Kumar achieved success by singing the sanitised Bhajans.
Economists say there are weaknesses in India’s GDP data. But statisticians claim the accusations are based on flawed understanding, saying while GDP has problems, the economists are looking in the wrong places.
Auto industry should start selling the vehicles by reducing the price by the extent to which they want reduction in GST. If sales are seen shooting up then obviously there is case for reduction of GST. Why must the State take all the risks, let the industry taste the waters and prove its conviction, under the current situation the state will respond.
Rate of GST on cars is 28%. That is way above the margin of profit. So someone should cut off his head, and an ancient era surgeon will drop by with the head of an elephant and say, Lo, aap ko Vighna Harta bana diya …
Ek zamaana tha, there would be photographs showing these rows and columns of cars parked at the docks, waiting shipment for export.
Auto industry should start selling the vehicles by reducing the price by the extent to which they want reduction in GST. If sales are seen shooting up then obviously there is case for reduction of GST. Why must the State take all the risks, let the industry taste the waters and prove its conviction, under the current situation the state will respond.
Rate of GST on cars is 28%. That is way above the margin of profit. So someone should cut off his head, and an ancient era surgeon will drop by with the head of an elephant and say, Lo, aap ko Vighna Harta bana diya …