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GST rate hike: Used car market faces challenges
The New Indian Express Shivamogga
|December 24, 2024
Experts say rate hike from 12-18% to impact second-hand vehicle biz
USED car market is expected to face headwinds following the GST Council's recent decision to increase the tax rate on used vehicles from 12% to 18%. Industry experts believe that this increase could slow growth and impact businesses that rely on second-hand vehicles.
This story is from the December 24, 2024 edition of The New Indian Express Shivamogga.
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