Will new policies force state governments to reduce taxes on automobiles?
- Varuni
Abdul Majeed, Partner, Price Waterhouse: Taxes up to the production cycle are normally under control of Central government, and taxes up to distribution stage such as sales tax/VAT are levied by states. Goods and services tax (GST) implementation would address the complex indirect tax regime in India. I hope the government will have a clear road map for GST in the upcoming Budget, and I also hope we will have competitive GST rates.
- Varuni
Abdul Majeed, Partner, Price Waterhouse: Taxes up to the production cycle are normally under control of Central government, and taxes up to distribution stage such as sales tax/VAT are levied by states. Goods and services tax (GST) implementation would address the complex indirect tax regime in India. I hope the government will have a clear road map for GST in the upcoming Budget, and I also hope we will have competitive GST rates.