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BRIEF-Jaguar Land Rover India MD says hope India govt, GST council will desist from raising cess
August 30, 2017 / 11:05 AM / 3 months ago

BRIEF-Jaguar Land Rover India MD says hope India govt, GST council will desist from raising cess

Aug 30 (Reuters) - Jaguar Land Rover India MD :

* Says hope India government, GST council will desist from raising cess on mid-size, large cars, luxury cars and SUVs Source text - “The GST implementation on 1st July removed the cascading impact of multiple taxes applicable in the pre-GST regime, which we understand was one of the primary objectives of the Government. The removal of the cascading impact enabled the Industry to reduce prices and benefit the consumer as well as expand the market, which had been declining because of high taxation. The expansion in demand would have enabled further investments in local manufacturing and job creation across the supply chain including more people in factories, showrooms, workshops and logistics service providers. We earnestly hope that the Government and the GST Council will give due consideration to this matter and desist from raising the cess and putting a dampener on the positive momentum in demand that the industry had started to witness since 1st July.” Further company coverage:

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