https://www.taxtmi.com/news?id=24954 FADA urges a reduction of the GST rate on two wheelers as they are a necessity, not luxury, arguing a lower rate will counter price rises, spur demand, shift sales to the organised sector, reduce tax leakage and be revenue positive in the medium to long term. It also seeks a uniform GST on margin for used vehicles, extension of reduced corporate tax benefits to LLPs and proprietorships in the dealer community, and reintroduction of a depreciation scheme to support industry growth. en-us Mon, 17 Jan 2022 15:58:31 +0530 Mon, 17 Jan 2022 15:58:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=24954 FADA urges a reduction of the GST rate on two wheelers as they are a necessity, not luxury, arguing a lower rate will counter price rises, spur demand, shift sales to the organised sector, reduce tax leakage and be revenue positive in the medium to long term. It also seeks a uniform GST on margin for used vehicles, extension of reduced corporate tax benefits to LLPs and proprietorships in the dealer community, and reintroduction of a depreciation scheme to support industry growth. News - Mon, 17 Jan 2022 15:58:31 +0530 https://www.taxtmi.com/news?id=24954