GST can be reduced on two-wheelers, says “Nirmala Sitharaman”.

The Indian vehicle market is now experiencing Corona. The business has returned on target after the lockdown was loose throughout the previous, not many months. Then, vehicle companies are also expected to get huge relief from the government. 

Finance Minister Nirmala Sitharaman has confirmed that the amendment in GST rates considerable to two-wheelers might be thought of. In a meeting with the Confederation of Indian Industry (CII), Nirmala Sitharaman said that the two-wheelers are neither a luxury thing nor does it fall in short-lived goods. 

For this situation, its GST rates can be thought of. At present, 28 percent GST (Goods and Service Tax) has been executed on two-wheelers. Which straightforwardly influences the cost of vehicles. If the government slices the GST rates to be applied to two-wheelers, at that point, there might be an immense decrease in vehicles’ cost.

The country’s two-wheeler manufacturers have been ceaselessly requesting from the government that the GST rates ought to be reconsidered. Presently the business has taken a murmur of alleviation from the signs given by Nirmala Sitharaman. 

Today, the two-wheeler has become the main necessity for the middle class, and people are also utilizing it in large amounts. Yet, because of the important expense, people also need to negotiate with their decision.