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A more rational tax classification of vehicles can drive up auto sales


With another Budget round the corner, the auto industry is looking for a dramatic policy move that would end its woes. Although the Budget this time cannot tinker with GST rates or the compensation cess, the sector is nevertheless looking for some form of budgetary relief. There are some possibilities in this regard. The Finance Minister could urge the GST Council to review the basic rate and compensation cess framework for vehicles (without compromising on revenues), especially at a time when the government is keen on promoting cleaner vehicles through the imposition of BS VI fuel emission norms from April ...


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