Even as the auto industry clamours for fiscal relief in the form of a GST rate cut, truck operators say there is no real benefit from such a move. GST reduction, according them, is akin to giving vitamins to a sector that is desperately in need of a lifeline.
There has been a call to cut the GST rate from 28 per cent to 18 per cent for trucks to jump-start demand.
“There are already huge discounts offered for new trucks,” says SP Singh, Convenor of Indian Foundation of Transport Research and Training (IFTRT). The discounts, it is learnt, are in excess of ₹4 lakh in some regions, and still, there are no takers.
“A GST cut now will be a wasteful exercise. Only an allround recovery in the economy can bring sustainable CV demand,” he added.
هذه القصة مأخوذة من طبعة October 09, 2019 من The Hindu Business Line.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة October 09, 2019 من The Hindu Business Line.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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