Search results for: siam

SIAM which stands for Society of Indian Automobile Manufacturers is a significant Industry body for automobiles and engine manufacturers in the country.

Goods and service tax has proven a heavy tax scenario on to the Ambulance category vehicles as 10 to 13 seater Ambulance vehicles are now completely halted for sales. According to the industry experts, the issue which has been concluded is that the ambulance vehicles are not on the list of exempted items. And without the exemption, the ambulance vehicles are bound to be sold at the higher slab rate of 28 percent tax.

Goods and service tax is approaching with queries solved in its pack, while it may create some upheaval upon implementation, but it is quite essential to create one. In the last year of discussion among the automobile association with the ministry

Organization delegates, alongside those from their higher body, the Society of Indian Automobile Manufacturers, have met with three state governments as of late. Tata Motors, Mahindra and Mahindra and Bajaj Auto are among those with concerns, having made huge speculations to set up assembling units as an end-result of state advancement appropriations.