Category: US Motoring Press

GST Cut: Auto Industry Reactions

The following are the reactions of key auto industry stakeholders, such as manufacturers, associations, analysts and others, to the government’s move to cut GST on several categories of automobiles and components: Saurabh Agarwal, Partner & Automotive Tax Leader, EY “The rationalization of GST rates on automotive vehicles and parts is a truly welcome and significant… Continue reading GST Cut: Auto Industry Reactions

GST on Tractors and Tractor Parts Cut to 5% 

The GST Council on Wednesday reduced the tax rate on tractors and farm machinery from 12% to 5%, marking a 7 percentage point drop aimed at lowering costs for farmers and boosting rural mechanisation. Tractors (except road tractors used for pulling semi-trailers and having engine capacity over 1800 cc) are taxed at 5% GST. However,… Continue reading GST on Tractors and Tractor Parts Cut to 5% 

GST Council cuts tax on three-wheelers to 18% from 28%

India’s GST Council on Wednesday approved a reduction in the goods and services tax on three-wheelers to 18% from the current 28%, a move set to lower costs for manufacturers and buyers in a segment vital to urban transport and last-mile logistics. The decision, announced at the 56th meeting of the GST Council chaired by… Continue reading GST Council cuts tax on three-wheelers to 18% from 28%

GST Council slashes rates on buses, trucks, and ambulances to 18%

The Goods and Services Tax (GST) Council on Wednesday approved a reduction in the tax rate on buses, trucks, and ambulances to 18% from 28%, a move aimed at easing costs for the automotive industry and stimulating demand in key commercial vehicle segments amid sluggish economic growth. The decision, announced during the 56th GST Council… Continue reading GST Council slashes rates on buses, trucks, and ambulances to 18%

GST Council slashes rates on buses, trucks, and ambulances to 18%

The Goods and Services Tax (GST) Council on Wednesday approved a reduction in the tax rate on buses, trucks, and ambulances to 18% from 28%, a move aimed at easing costs for the automotive industry and stimulating demand in key commercial vehicle segments amid sluggish economic growth. The decision, announced during the 56th GST Council… Continue reading GST Council slashes rates on buses, trucks, and ambulances to 18%

GST on Small Cars, Motorcycles Slashed to 18% from 28%

The government on Wednesday announced sharp cuts in Goods and Services Tax (GST) rates across a wide swath of vehicles and equipment in a bid to spur demand. GST on small cars, motorcycles up to 350cc, three-wheelers, buses, trucks, and ambulances has been reduced to 18% from 28%, Finance Minister and GST Council Chairperson Nirmala… Continue reading GST on Small Cars, Motorcycles Slashed to 18% from 28%

Jaguar Land Rover cyber attack: was customer data stolen?

Nevertheless, JLR instead tried to reassure customers, stating that “At this stage there is no evidence any customer data has been stolen”; it’s likely that the hackers were looking to extort money from the multi-billion pound company, much like what happened earlier on in the year with M&S and Co-op. While no individual nor group… Continue reading Jaguar Land Rover cyber attack: was customer data stolen?

Hackers who hit M&S claim responsibility for JLR cyber attack

The group that hacked Marks & Spencer earlier this year has claimed responsibility for the cyber attack on JLR that has caused production shutdowns and sales stoppages. Scattered Spider hit the British retailer in May, causing seven weeks of disruption and costing £300 million in lost operating profit. Along with fellow hacking group Shiny Hunters, it claims to have… Continue reading Hackers who hit M&S claim responsibility for JLR cyber attack