GST on Tyres
GST, or Goods & Services Tax, was introduced in India on the 1st of July, 2017, as a one-in-all indirect tax system. At the time of the launch, GST was divided into the following six tax slabs: Nil, 0%, 5%, 12%, 18%, and 28%.Automobile tyres mostly use natural rubber as inputs. However, applicable GST rates […]