Helmet makers demand cut in GST as 2W accidents claim goodslives in India

Helmet makers demand cut in GST as 2W accidents claim goodslives in India

Helmet manufacturers have urged reducing the Goods and Services Tax (GST) from 18 per cent to at least 12 per cent, making the request as two-wheeler accidents claim a significant number of lives on India’s roads.

According to the most recent data from the Ministry of Road Transport and Highways (MoRTH), two-wheelers 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 marked a 20 per cent increase from the 2021 figures. Similarly, fatalities due to two-wheeler accidents rose by 11 per cent between 2021 and 2022. In 2022, the total fatalities were recorded at 61,038, with 25,228 attributed to two-wheeler incidents.

Read more at: Business Standard

Share this content:

Post Comment