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Two-wheelers neither luxury nor sin goods, merit GST rate revision: Finance Ministry

Last year, the country's largest two-wheeler maker Hero MotoCorp had urged the government to consider a phase-wise reduction in GST on the segment, starting with bringing bikes up to 150 cc into the 18 percent slab.

August 26, 2020 / 06:28 PM IST

Two-wheelers are neither a luxury nor sin goods and so merit a GST rate revision, Finance Minister Nirmala Sitharaman said at an industry interaction on August 24.

According to a statement issued by CII, which was also issued by the finance ministry's spokesperson, Sitharaman said a rate revision proposal would be taken up by the GST Council.

Two-wheelers currently attract 28 percent GST.

Also Read - Two-wheeler makers share prices gain over 3% on likely GST rate revision