ACMA Reiterates Need For Uniform 18% GST On All Auto Components

The Automotive Component Manufacturers Association (ACMA), the apex body of the Indian auto component industry reiterated the need for a uniform 18% GST rate on all auto components in its recommendations for the Union Budget 2020. Given the sector is challenged due to the prolonged slowdown, the industry association that represents over 850 companies in the auto component sector recommended, supportive measures that would enable revival of automotive growth and a smooth transition to the next phase in the year to come. The automotive industry in India is undergoing a significant transformation due to new regulations and policy changes, ACMA noted. Powered by Capital Market – Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, January 28 2020. 15:01 IST

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s