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Carmakers seek two GST rates for passenger vehicles
short by Krishna Veera Vanamali / on Sunday, 17 December, 2017
Auto industry body SIAM has sought two tax rates under GST for passenger vehicles in the upcoming union budget. It has also sought a special tax rate of 12% for electric and hydrogen fuel cell powered vehicles. Currently, under GST regime, multiple rates of cess are levied depending on the different categories of passenger vehicles, on top of 28% GST.
read more at IB Times