New Delhi:
Automobile industry body Society of Indian Automobile Manufacturers (SIAM) said June 21 all its members are totally united in seeking a reduction in the GST rate from 28 per cent to 18 per cent on vehicles.
Reacting to media reports that some leaders of the auto industry do not agree to the proposal for GST reduction on vehicles, SIAM President Rajan Wadhera said all the players in the passenger car, commercial vehicle as well as two and three-wheeler manufacturers are united in seeking lower GST on vehicles.
A media report on June 20 quoted Maruti Suzuki India Chairman RC Bhargava, who opposed the demand for GST cut stating the government cannot afford to reduce taxes.
"The automotive industry is currently facing a daunting challenge of a deep slowdown that urgently needs some form of stimulus from government to supplement the efforts being made by the industry in reversing the industry fortunes towards positive performance," he said in a statement.
Automobile industry body Society of Indian Automobile Manufacturers (SIAM) said June 21 all its members are totally united in seeking a reduction in the GST rate from 28 per cent to 18 per cent on vehicles.
Reacting to media reports that some leaders of the auto industry do not agree to the proposal for GST reduction on vehicles, SIAM President Rajan Wadhera said all the players in the passenger car, commercial vehicle as well as two and three-wheeler manufacturers are united in seeking lower GST on vehicles.
A media report on June 20 quoted Maruti Suzuki India Chairman RC Bhargava, who opposed the demand for GST cut stating the government cannot afford to reduce taxes.
"The automotive industry is currently facing a daunting challenge of a deep slowdown that urgently needs some form of stimulus from government to supplement the efforts being made by the industry in reversing the industry fortunes towards positive performance," he said in a statement.