Gautam Khattar, Partner – Indirect Tax, PwC “Despite of Automobile sector being one of the most promising contributor to economic growth, it has been facing the whip of increased tax rates and multiple cesses for […]
The quote from Mr. Tom von Bonsdorff, Managing Director, Volvo Auto India, as a view on the Union Budget presented today. “The Union Budget measures to incentivise and promote infrastructure augurs well for the economy […]
Union Budget 2017-18 Expectations “There is considerable anticipation about how the government will articulate the Union Budget for FY18. This time the Union Budget will be markedly distinctive from the earlier budgets mostly because of […]
GST positive for Automobile industry but greater clarity awaited on many aspects The Constitution (One hundred and Twenty-Second Amendment) Bill, 2014 related to the proposed Goods & Services Tax (GST) was recently cleared by the […]
“The passage of GST in Rajya Sabha is a landmark reform. A critical milestone towards Free Trade within India. It will also give a massive push to Make in India especially MSMEs. The ease and […]
“It’s a major step taken by the government as it intends to turn India into one common market which will lead to ease of doing business. Currently, the tax levied by state governments on green […]
GST will be positive for the automotive sector primarily because of the removal of cascading effect of tax on the cost of goods and services that is expected with GST. Currently most of car manufactures […]
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