Moneycontrol
Jul 12, 2017 03:08 PM IST | Source: CNBC-TV18

GST rate for farm tyres similar to earlier: JK Tyre

In an interview to CNBC-TV18, Raghupati Singhania, CMD of JK Tyre & Industries assesses the impact of goods and services tax (GST) on tyre companies. Overall GST rate is the same and shouldn’t effect much on the truck and bus tyre. On the agriculture tyre, it is somewhat reduced but more or less similar, he said.

In an interview to CNBC-TV18, Raghupati Singhania, CMD of JK Tyre & Industries assesses the impact of goods and services tax (GST) on tyre companies.

Overall GST rate is the same and shouldn’t effect much on the truck and bus tyre. On the agriculture tyre, it is somewhat reduced but more or less similar, he said.

Speaking about GST’s impact on unorganised sector, he said that it is too early to impact, we will have to wait and then assess the impact in a couple of months’ time.

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