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Helmet makers urge GST cut as twowheeler accidents claim lives in India
The Business Guardian
|January 17, 2024
Helmet manufacturers are urging a reduction in the Goods and Services Tax (GST) from 18% to at least 12%, emphasizing the importance as two-wheeler accidents continue to claim a significant number of lives on Indian roads.
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Rajeev Kapur, President of the Two-Wheeler Helmet Manufacturers Association and Managing Director of Steelbird Helmets, stated, “We have already requested the government to consider helmets as lifesaving devices and reduce the GST from 18% to 12%. This reduction will make good quality helmets more affordable for customers. According to the most recent data from the Ministry of Road Transport and Highways (MoRTH), twowheelers account for 42 per cent of accidents and 41 per cent of fatalities due to road accidents. In 2022, the total number of accidents reported by MoRTH was 151,997, of which 63,115 involved two-wheelers.
This story is from the January 17, 2024 edition of The Business Guardian.
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