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Hike in GST cess on larger passenger vehicles could derail demand momentum: ICRA

Hike in GST cess on larger passenger vehicles could derail demand momentum: ICRA

Wed, Aug 09, 2017

While the passenger vehicle market is expected to grow by a healthy 9-10% in India during FY18, the increase in the cess by the GST Council poses a challenge to this growth.

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