Union Budget 2021: Auto industry optimistic about recovery from pandemic; expects cut in GST rates
Union Budget 2021: Auto industry optimistic about recovery from pandemic; expects cut in GST rates The removal of restrictions to avail the input tax credit of GST paid on automobiles for businesses would make vehicles more affordable when used for business purposes, besides fulfilling the basic intention of GST to eliminate cascading of taxes. Saurabh Agarwal January 27, 2021 06:34:08 IST Hyundai car factory. Image courtesy Wikimedia Commons A rear-view reflection of I...
Source: firstpost.com