GST for the transportation sector and the commercial vehicle industry will dial significant changes. Story by: V G Ramakrishnan GST would have rolled out by now, not relenting to the rising clamour for deferring it by a few months from a wide range of industries, and the banking sector. Apart from the deadline to implement GST, much has been[Read More…]
GST would have come into play by the time this copy will hit the stands. Turning India into a unified common market, albeit with four slabs, GST for CVs effectively translates into a tax bracket of 28 per cent for trucks, not fitted with lifting or handling equipment, of the type used in factories, warehouses, dock areas or airports for[Read More…]
The GST Council has finalised a rate structure of 28 per cent for truck and buses. It is the same as cars, motorcycles, mopeds, personal aircraft and luxury yachts claimed an industry expert. According to an industry source, that smaller buses and vans with a capacity to seat 10 to 13 people will attract 15 per cent cess besides 28[Read More…]
Cab aggregators and buses carrying more than 10 people have escaped cess under GST, claim industry sources. They cite the four bills for the proposed GST regime, which were recently introduced in the lower house of the parliament by finance minister Arun Jaitley. Introduced as money bills, which do not require the nod of the upper house of the parliament,[Read More…]
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