Indian Govt. Reduced GST Tax from Two-wheelers

Published by Vivek kumar on

Indian Govt Reduced GST Tax on Two Wheelers

Reduced GST Tax for Two-wheeler may give some relief

The Indian government is going to take an impressive action for the prices of Two-wheelers in India. Recently the statement is released from the ministry of finance that the govt. Is planning for the reduction in GST tax. On Two-wheelers. The finance minister Shri Nirmala sitharaman has stated that the automotive industry is going down as compared to the previous year.

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Indian Govt Reduced GST Tax on Two Wheelers
Indian Govt Reduced GST Taxon Two Wheelers

The sales are highly affected. This cutting of tax. Will be a good step to give a sport to the Indian Automobile industry. India is a market where the prices of a product are matters a lot for their sales. Reduced prices can be helpful to increase sales.

The current tax. Figure is 28% in two-wheeler. The govt. Decided to make it 18% that means the prices of Two-wheelers will be approximately 8,000-10,000 less than the current price.

The corona pandemic situation directly affected everyone financially. The cost-cutting can be helpful to encourage them to buy a new two-wheeler.

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Vivek kumar

Hi, my name is Vivek Kumar And I Do My Bachelor of Automobile Engineering from Chandigarh university. Fortunately, I get a chance to learn about blogging apart from my studies. Then I made my mind to contribute my knowledge about automobile industry at revjust.com I love to ride bikes and get Knowledge about it. I as an automotive enthusiast loves to explore more and more about the latest upcoming technologies in the automobile industry Feel Free to contact me. FACEBOOK Email - [email protected]