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GST rates on two-wheeler could be reduced

Aug 26, 2020 13:48 IST

Two-wheelers are neither a luxury nor sin goods and so deserve a GST rate revision, Finance Minister Nirmala Sitharaman said at an industry interaction on Tuesday. According to a statement issued by CII, Sitharaman said a rate revision proposal would be taken up by the GST Council. Two-wheelers currently attract 28% GST.

Economy