Chennai, Sept. 4 -- CV makers Ashok Leyland today said the GST rate cut announcedby union Finance Minister Ms Nirmala Sitharaman was a forward-looking step towardssimplifying tax structure and accelerating economic momentum, besides mitigating theimpact of US tariffs imposed on Indian imports.
Reacting to the GST rate rationalisation announced by Ms Nirmala Sitharaman, Ashok LeylandMD and CEO Shenu Agarwal said "The GST rate reductions announced by the Finance Ministerrepresent a forward-looking step towards simplifying India's tax structure and acceleratingeconomic momentum."The shift to a streamlined two-tier system of 5% and 18% will not only ease compliance, butalso bolster key sectors, uplift consumer sentiment, and reduce the financi...