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Automobile Dealers’ Body Demands GST Cut On Two-Wheelers From 28% To 18%

Automobile Dealers’ Body Demands GST Cut On Two-Wheelers From 28% To 18%


Business

oi-Renu Baliyan

|

Automobile dealers’ body FADA on Thursday sought a cut in GST on two-wheelers from 28 per cent to 18 per cent, saying the segment being essential for millions should not be categorised as luxury item, reported PTI.

Automobile Dealers' Body Demands GST Cut On Two-Wheelers From 28% To 18%

The industry body said it has appealed to the finance minister, chair of the GST Council, all GST Council members, the ministry of heavy industries, which supervises the automobile sector, and the ministry of road transport & highways, according to a PTI report.

This timely and decisive intervention would help in making two-wheelers more affordable, reviving demand and reinvigorating an industry that has seen a significant slump in sales over the past few years, the Federation of Automobile Dealers Associations (FADA) said in a statement.

“The two-wheeler industry is at a critical juncture, grappling with unprecedented challenges such as rising inflation, stringent emission norms and the post Covid-19 effects. Now is the opportune moment for the GST Council to reduce the GST rate on two-wheelers, making them more accessible for the common man,” FADA President Manish Raj Singhania said in a statement.

Story first published: Thursday, May 18, 2023, 22:56 [IST]


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