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