Auto industry eagerly awaits GST reduction: Maruti Suzuki’s MD & CEO

Sarkaritel
By Sarkaritel September 5, 2020 07:34


New Delhi, Sep 5  Pandemic Covid-19 battered auto industry awaits GST rate reduction and scrappage scheme announcement to tide over these testing times said Kenichi Ayukawa, MD & CEO, Maruti Suzuki India.

Ayukawa spoke at the 60th SIAM Annual Convention which was held virtually.

“We will eagerly wait for the GST reduction and Scrappage scheme,” he said.

“We believe that the taxes on the increased turnover will be more than the Government’s expenditure on this Scrappage scheme on GST Rate reduction.”

He acknowledged the assurance given by the Union Minister of Environment, Forest & Climate Change, Information & Broadcasting and Heavy Industries & Public Enterprises Prakash Javdekar, to take up the issue of GST rate reduction.

“We understand, that if the government wants to do good for the country, it needs funds,” he said.

“The government revenues come from the taxes on the GDP that we generate. So, it is important for us to maximize production and sales volume.”

This will help to protect lively-hoods and also keep the government revenues healthy to fund welfare initiatives, he added.

Sarkaritel
By Sarkaritel September 5, 2020 07:34

Search the Website

Advertiser’s Logos

जब हम पानी को सब्जी पकाने के लिए इस्तेमाल करते हैं, तो हमें उतना ही पानी इस्तेमाल करना चाहिए जितने पानी की हमें जरूरत है।

Sarkaritel.com Interview with U P Singh (IAS), Secretary, Ministry of Jal Shakti & Drinking Water & Sanitation by Ameya Sathaye, Publisher & Editor-in-Chief, Sarkaritel.com

HEALTH PARTNER