Indian Tyre Industry Welcomes GST - Rajiv Budhraja, Director General, ATMA
Rubber Asia|September - October 2017

The tyre industry has been supportive of all progressive laws aimed at promoting ease of doing business, bringing in transparency and operational efficiencies, and since GST is understood to achieve all these objectives, the domestic tyre industry largely welcomes it despite some minor discrepancies and skepticism regarding paperwork, says Rajiv Budhraja, Director General, Automotive Tyre Manufacturers Association (ATMA), in a brief interview to Rubber Asia. EXCERPTS:

Indian Tyre Industry Welcomes GST - Rajiv Budhraja, Director General, ATMA

What are your views on the newly introduced GST relating to the tyre industry?

In case of tyre sector, the new Goods and Services Tax regime is largely revenue neutral as the rate of taxation at 28% is comparable to previous taxation which ranged between 26.5% to 29.5%. However, Tractor tyres face an inadvertent anomaly. While rear tractor tyres have been taxed at 18%, the front tyres attract a 28% taxation. ATMA has sent a communication to the Government of India to address this discrepancy.

Do the Indian tyre makers in general welcome the new GST regime? What are the feedbacks you get?

Denne historien er fra September - October 2017-utgaven av Rubber Asia.

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Denne historien er fra September - October 2017-utgaven av Rubber Asia.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

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