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Goods and Services Tax (GST) in automobile sector, Know more
-in-automobile-sector-know-more-3-20918-IFR.html&media=https://www.ifairer.com/article_image/1493276408-ifairer.jpg&description=Goods and Services Tax (GST) in automobile sector, Know more)
If the taxation rate of components/inputs is more than the tax rate of a finished product would cause ambiguity. To avoid that, SIAM suggests that government should charge uniform rate of tax on finished product and components procured by the manufacturers against which input credit should be allowed.
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