Katamarayudu telugu movie review | Katamarayudu Movie Review Rating | Katamarayudu Review | Pawan Kalyan Katamarayudu

X
close save
crop image
x
TM
Wed, Jan 17, 2018 | Last Updated 8:47 am IST

Menu &Sections

Search

GST on Automobile industry retained by 28%

GST on Automobile industry retained by 28%
GST on Automobile industry retained by 28%
http://apherald-nkywabj.stackpathdns.com/images/appleiconAPH72x72.png apherald.com

New Delhi sources have stated that the Union Finance Minister Arun Jaitley on Friday announced that Goods & Service Tax (GST) on automobiles will be retained at 28%. At the same time, the minister announced several other changes in the GST structure that will help improve the market sentiment further. Rakesh Srivastava, Director Sales & Marketing, Hyundai Motor India said "Today's announcement on GST is a welcome move towards improving customer sentiment as these moves of lowering tax slab on certain goods will allow increased purchasing power to the consumers".



Moreover around 178 items were moved from 28% to 18%. The changes will be effective from 15 November 2017. Several other relief was given to the market such as restaurant and composition tax limit. Further the restaurant rate will be flat 5% from earlier 18%, while the restaurant will not get ITC benefit. Two items such as Wet grinders, armor fighting vehicles moved from 28% to 18%.

GST on Automobile industry retained by 28%

Further Abhishek Jain, Partner, EY said “While the 23rd GST Council meeting did conclude with a whole raft of positive measures, it did not have much of it in store for the automobile industry. The rates for automobiles parts remain unaltered".


GST on Automobile industry retained by 28%
5/ 5 - (1 votes)
Add To Favourite
More from author
Which Network's plan is the best?? Airtel or Reliance Jio
Men to look smart is a must to attract girls
Use Fenugreek seeds for many health related problems
A Player who earns 17 Crores for 2 months is just fined 25% of his Match Fee !!!
Goddess Durga Mantras for Happy and Prosperous Life
GST not imposed for second hand car by an individual
Railway Recruitment Board 2017 Education details
Cockfight was part of Sankranthi Celebrations in Vizag
Richest Man in History is Amazon CEO
Richest Man in History is Amazon CEO
India likely to lose 2nd Test despite Kohli's Blitzkrieg
Some interesting facts about the Harvest Festival - Pongal
Significance of Pongal
Vitamin C Enriched Oranges glows your skin
Osteo Arthritis makes many tough to walk
Can Yusuf Patha play in IPL after failing the dope test?
Every morning offer water to Sun God
MISSING - Kidnapped from Bengaluru - Kindly Report if you got any details
.  Despite freezing cold weather 8000 devotees and visitors thronged the Hindu Temple of Atlanta
Apply for Trade Apprentice Post in 2018 BHEL Recruitment
250 smart poles to be installed in Hubballi-Dharwad for charging Electric Vehicles
Can Angelo Mathews bring back glory to Team Sri Lanka?
About the author

Nanotechnology Degree Holder. Movie Geek. Crazy about comics and cartoons. Hardcore Cricket Lover. Photoshop Professional