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GST implementation will address the complex tax regime: Abdul Majeed

Abdul Majeed, Partner, Price Waterhouse, answers questions on the automobile sector and Budget 2015

Abdul Majeed 

Abdul Majeed

Will new policies force state governments to reduce taxes on automobiles?
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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.

First Published: Thu, February 05 2015. 18:31 IST