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Honda Motorcycle and Scooter India, the country’s second-largest two-wheeler manufacturer in terms of volume, has called for a reduction in the Goods and Services Tax (GST) rate on two-wheelers to make them more affordable.
There is a strong case for GST reduction on two-wheelers up to 125 cc as these cater to non-sin goods but mobility option for masses in the country, Hero MotoCorp CEO Niranjan Gupta said on Wednesday.
The country’s largest two-wheeler maker Hero MotoCorp on Thursday said it has received demand notices from the Income Tax department for around Rs. 605 crore, including interest, for six assessment years.