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:
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?
Bu hikaye Rubber Asia dergisinin September - October 2017 sayısından alınmıştır.
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Bu hikaye Rubber Asia dergisinin September - October 2017 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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