The Automotive India

The Automotive India (http://www.theautomotiveindia.com/forums/)
-   Indian Auto Sector (http://www.theautomotiveindia.com/forums/indian-auto-sector/)
-   -   GST on Diesel Engine Parts Slashed By 10 Percent (http://www.theautomotiveindia.com/forums/indian-auto-sector/32485-gst-diesel-engine-parts-slashed-10-percent.html)

hogster 6th October 2017 09:48 PM

GST on Diesel Engine Parts Slashed By 10 Percent
 
Just saw in the news that GST on diesel engine parts have been cut down from 28% to 18%.

Now, I am happy and I am sad and hence I am confused. Therefore hoping to pick the brains of fellow forum members. Here is the source of my dilemma

On one hand this move is definitely going to lead to some sort (even if marginal) of reduction in diesel vehicles prices and since I am (or soon will be) in the market for a diesel vehicle it definitely is a welcome news for me.
Albeit at the same time, don't you think this is a regressive move from the Government since the global push is towards Electric Vehicles. I understand that this move is probably aimed at the commercial sector (read trucks, busses) but this IMO is in contradiction with the direction recently laid down by Mr. Gadkari.

So there you go, that's my take on it, what do you think friends?

hogster 7th October 2017 12:03 PM

Re: GST on Diesel Engine Parts Slashed By 10 Percent
 
Request to mods - please close this thread.
I just read the full news in detail and the rate cut is applicable only for diesel engines upto 15HP.

Thanks.


All times are GMT +5.5. The time now is 11:50 AM.

Powered by vBulletin®
Copyright ©2000 - 2018, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO ©2011, Crawlability, Inc.
©2008 - 2018, The Automotive India. All Rights Reserved.