Toyota Kirloskar Motor vice chairman Shekar Viswanathan has called for equal GST on hybrid cars and electric vehicles
1 min read14 Nov 2017Strong demand for cars, proactive vendor and dealer networks along with a well-oiled logistics setup have minimized the GST impact on automobile industry
2 min read4 Oct 2017Car sales in August grew 13.76%, mainly led by demand of UVs, as customers advanced purchases in anticipation of car prices going up due to GST cess hike
1 min read12 Sep 2017Union Cabinet has approved an ordinance that raises GST cess on luxury cars and SUVs to 25% from 15%, taking the total GST on such cars to 53%
3 min read31 Aug 2017Maruti True Value, Mahindra FirstChoice, Tata Motors, Big Boy Toyz have made individual and group representations to GST Council to revisit the tax structure
2 min read29 Aug 2017The ordinance will allow the government to hike GST cess on luxury cars and SUVs to restore tax revenue from the auto industry
2 min read21 Aug 2017The current structure of the goods and services tax (GST) is seriously flawed, the result of messy political bargaining
3 min read16 Aug 2017Mercedes-Benz India CEO Roland Folger is upset by the proposed hike in cess on luxury cars to 25% from 15% over and above the GST rate of 28%
3 min read14 Aug 2017GST Council's plan to hike cess on luxury cars and SUVs from 15% to 25% will result in production cuts, job losses and dent 'Make in India' initiative, say auto firms
3 min read8 Aug 2017Sales of passenger vehicles in June declined the sharpest since March 2013 as dealers stayed away from buying stock due to ambiguity over GST
3 min read11 Jul 2017The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared