Industry body Automotive Component Manufacturers Association (ACMA) has urged the Centre to implement a uniform GST rate of 18 per cent on all auto components.
Industry body Automotive Component Manufacturers Association (ACMA) has urged the Centre to implement a uniform GST rate of 18 percent on all auto components.
In its recommendations for the forthcoming Union Budget, the ACMA requested the government to consider the upward vision of ‘RoDTEP’ (Remission of Duties and Taxes on Exported Products) rates along with adopting measures for enhancing investments, including that for R&D.
“The auto component industry, being an intermediary, has recommended for a uniform GST rate of 18 per cent on...read more