11.08.2023: Auto dealers body FADA seeks GST cut on entry-level two-wheelers

The Federation of Automobile Dealers Associations (FADA) has urged the government to reduce the GST rate on entry-level two-wheelers from 28 percent to 18 percent.
Singhania added that most of the two-wheeler sales come from the entry-level category, which has seen a decline of over 20 percent since the Covid-19 pandemic.
Singhania said that lowering the GST rate would benefit potential buyers, especially in rural India, and boost rural mobility. He said that this would also contribute to India’s goal of becoming a USD 47 trillion economy by 2047.
FADA represents over 15,000 automobile dealers with 26,500 dealerships across the country.
Source: CNBC TV 18

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