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In 2016, two-wheelers accounted for 78 per cent of the total automobile sales in India. However, in 2020, this contribution has fallen to 72 per cent in FY23
In this article, we will analyze the impact of GST on the automobile sector.
This Reduction on Tax is a part of the Government’s Electrification Strategy with an aim to reduced dependence on fossil fuels for mobility.
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