Goods and Services Tax – GST – Dated:- 4-3-2017 – Mumbai, Mar 3 (PTI) The proposed GST implementation may fuel growth in the USD 39 billion domestic auto ancillary industry following lower taxation of 18 per cent under the new regime, industry experts said. With the upcoming GST regime, the auto ancillary industry will get a boost. The auto ancillary industry's effective rate of tax, which is currently at 28 to 30 per cent, is expected to come down to 18 per cent upon implementation of GST, the experts said. They were speaking at a KDK Softwares-organised panel discussion on the impact of GST on auto ancillary industry. The industry is already reaping benefits of a favourable ecosystem in domestic market and increasing globalisation of
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