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A STUDY OF GST'S EFFECTS ON INDIA'S AUTOMOBILE INDUSTRIES

    Prof Somesh Kumar shukla1 , Abhishek Dwivedi2 ,Ms. Khushboo Rawat3 and Prakhar4 Gupta4

Abstract

Due to its enormous population, India's automobile sector has a sizable market for bikes and vehicles. Anyone looking to buy a car is affected by even the smallest changes to the Goods and Services Tax, or GST, because they have an impact on the final price of autos. The introduction of the GST, a single tax, has had a favourable effect on the vehicle sector. Dealers of automobiles may now profit from Cess and Value Added Tax (VAT) paid as Input Tax Credits (ITC). As a result, the total cost of automobiles has decreased under the new tax system. And as a result of this, one may even envision luxury automobiles being more prevalent on the roadways. Additionally, electric vehicles have benefited from significant subsidies that have fuelled the sector's expansion. In this article, we'll examine how the GST has affected the car industry.

Keyword : GST, Automobile Industry,

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December 10, 2022
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References


1. Shefali Dani, Business and Economics Journal, Volume 7 • Issue 4 • 1000264, 2016, 7:4, An article was published regarding” A Research Paper on an Impact of Goods and Service Tax (GST) on Indian Economy” 2. Amandeep kaur, International Journal of Advance Research in Science and Engineering, Volume No.7, Issue No.4, April 2018, the research paper was published on “A Research Paper on Impact of GST on Indian Economy” 3. Yogesh K A., IOSR Journal of Business andManagement, Volume 19, Issue 10. Ver. VI. (October. 2017), PP 26-30, a research article was published on “Goods and Services Tax and Its Impact on Indian Economy” 4. Megha Agrawal, IMR (Indira Management Review), Volume XIII, July 2019, An Article was published regarding “Study of the Leading Sectors of Indian Economy after GST Implementation-A Literature Review” 5. Natika Poddar & Reema Mishra, In International Journal of Management Studies, Vol.–V, Issue–3(3), July 2018 [92], The article was published regarding “GST-An Implications to An Indian Economy” 6. http;//www.gstindia.com/about; 7. http://economictimes.indiatimes.com/topic/GST;