GST standardisation at 18% puts pressure on organised used car players

The government’s move to standardise GST at 18 per cent for all used vehicle transactions is likely to strain finances for organised industry players. The recent changes in the GST structure for used car transactions have sparked confusion among dealers, with many misinterpreting the move as a tax hike. However, industry experts clarify that the government has merely unified the tax rate to 18 per…