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Abstract
The Automobile Industry in India is one of the most important drives of economic growth and one with high participation in global value chains. The Indian government has also identified the need for automobile industry in Indian economy and currently functioning on Automotive Mission Plan 2026.The automobile industry produces commercial vehicles, passenger’s cars and three and two wheelers. Goods and Service Taxes is an indirect tax used in India on supply of goods and services. GST have positive and negative impacts on automobiles. Automobile industry faces hardships of high tax rates for a long period of time.
GST would reduce the cost of manufacturing of cars and bikes due to the elimination of different taxes.