| Title | SIAM president says GST cut led to record deliveries across most segments |
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| URL | https://informistmedia.com/EquityWire/36226/GST-Cut-Effect-SIAM-president-says-GST-cut-led-to-record-deliveries-across-most-segments |
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| Category | Finance and Money --> Financing |
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| Meta Keywords | GST, TAX, SIAM |
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| Meta Description | GST on entry-level two-wheelers and small cars was reduced to 18% from 28%. GST on tractors was reduced to 5% from 18%. The changes came into effect Monday. |
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| Owner | ankita shinde |
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| Description |
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| The recent reduction in goods and services tax has led to unprecedented walk-ins, surge in enquiries, and record deliveries across most automobile segments in just the first two days, Shailesh Chandra, president of the Society of Indian Automobile Manufacturers, said in a statement Tuesday. Chandra said the start of the festival season has been "extremely encouraging". |
