On August 25, Finance Minister Nirmala Sitharaman had said two-wheelers are neither a luxury nor a sin good and hence merit a rate revision. However, there has been no announcement by the GST Council of any such cut or proposed cut. One industry body leader has pointed out that the Sitharaman had showed similar intentions in August 2019, resulting in customers delaying purchases, and passenger vehicle sales contractingAfter FM Sitharaman said two-wheelers merit a GST cut, bike makers fear buyers may postpone purchases
On August 25, Finance Minister Nirmala Sitharaman had said two-wheelers are neither a luxury nor a sin good and hence merit a rate revision. However, there has been no announcement by the GST Council of any such cut or proposed cut. One industry body leader has pointed out that the Sitharaman had showed similar intentions in August 2019, resulting in customers delaying purchases, and passenger vehicle sales contracting
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