My dears,
maybe it's worth taking a look at India.
New GST rates for cars: The GST Council has approved a 1,000 basis points reduction in indirect tax for several segments of the country's automobile industry, including small cars, motorcycles and related components.
Who will be the big winner of Prime Minister Narendra Modi's 'big Diwali gift' in the form of the 'next generation GST reforms'? According to a study by Zee Business, in the country's vast and highly competitive automobile industry, companies like M&M, Maruti Suzuki, TVS Motor Company, Bajaj Auto and Tata Motors will be the biggest beneficiaries.
