Impact of GST on Indian auto industry

After an almost seven-hour long debate, the Goods and Services Tax (GST) Bill was passed by the Rajya Sabha on Wednesday. The finer details of the bill haven’t been worked out yet. However, Finance Minister Arun Jaitley has given an assurance that final tax amount won’t be unreasonable. According to our sources, the GST is expected to be around 18 per cent.

The GST debate has been going on for months now, and not many people are aware of its finer nuances and the consequences of its implementation. The concept behind the GSTBill is to...

Updated Date: Aug 04, 2016 19:10 PM

Also Watch

Watch: Firstpost test rides the new Thunderbird 500X in Goa and walks you through the Royal Enfield Garage Cafe
  • Tuesday, April 17, 2018 Varun Dhawan on Shoojit Sircar's October, 5-star reviews and working with Anushka Sharma in Sui Dhaaga
  • Saturday, April 14, 2018 Ambedkar Jayanti: Re-visiting Babasaheb's ideals exposes fake Dalit politics of Rahul Gandhi and Congress
  • Monday, April 9, 2018 48 hours with Huawei P20 Pro: Triple camera offering is set to redefine smartphone imaging
  • Monday, April 16, 2018 Rajyavardhan Singh Rathore interview: Sports can't be anyone's fiefdom, we need an ecosystem to nurture raw talent