GST reduction

Hero MotoCorp advocates GST reduction amid shifting market trends

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Hero MotoCorp advocates GST reduction amid shifting market trends

Hero MotoCorp Ltd, India’s largest two-wheeler maker, is not concerned about slowing demand in the urban market, saying consumption in these centres had grown disproportionately after the pandemic.Speaking to ET, Hero MotoCorp chief executive Niranjan Gupta however urged the Centre to consider reducing Goods and Services Tax (GST) on entry-level or up to 125cc two-wheelers … Read more

Siam seeks GST reduction on two-wheelers

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Siam seeks GST reduction on two-wheelers

Mumbai: Auto industry body, Society of Indian Automobile Manufacturers (Siam) has written to the government requesting for a reduction in the GST on two-wheelers. It has suggested that the government adopts three range slabs of reducing the rate-from the current 28% to 18% for internal combustion engine powered two wheelers, to 5% from the current … Read more