Impact of Goods and Service Tax (GST) in Indian economy | International Journal of Research (IJR)
The automobile industry is among the fastest-growing and leading sectors of India. It also provides jobs to over 37 million individuals. Further, the implementation of the new tax regime or GST on car system has benefited some segments more than others. Typically, GST on car depends on several factors. Some of the prominent factors include —. This table highlights the GST on vehicles as per their category.
Visit for more related articles at Journal of Internet Banking and Commerce. GST that is Goods and Service Tax is the latest kind of Indirect Tax which is proposed to be in force from 1st July, which is already in force on many countries around the world and they all were considering it as their sales Tax system. The GST will be the levied on the manufacture, sale and the consumption of goods and services in India.
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