'Why do we have to pay a GST of 28%?': Rajiv Bajaj slams high tax rates on commuter bikes
Rajiv Bajaj, Managing Director of Bajaj Auto, flagged the steep taxation on commuter motorcycles and sought a more manageable GST rate.
The Bajaj MD blamed the rise in the price of commuter motorcycles on overregulation and high taxation.
He urged the Union government to consider a lower tax rate on commuter motorcycles to 18 percent from the current 28 percent. "Two-wheeler volumes have not yet recovered to pre-COVID-19 levels," he told reporters on May 3 at the launch event of the all-new 400cc Pulsar motorcycle.
"Why do we have to pay a GST of 28 percent? Bajaj asked while addressing reporters during the launch event, adding "You look at ASEAN countries typical equivalent of GST is 8 percent and 14 percent."
"On one hand we want regulations at the highest level in terms of emissions, which is fine. But then the government should reconsider the GST at 12-18 percent and not at 28 percent," he said.
The country's largest two-wheeler maker, Bajaj Auto on May 3 unveiled the most powerful and feature-rich Pulsar ever with an introductory price of Rs 1.85 lakh.
