According to reports various industry associations have sought a review of the tax rates saying that the proposed GST will be much higher than the present level of taxation. The auto industry has sought a review of the GST rate on mid and large-sized hybrid cars, proposed to be taxed at 43 per cent in the new regime.
The current tax rate in this category is 30.3 per cent. Likewise, the telecom and IT hardware firms too have demanded amendments in the proposed tax rates.
Directorate General of Foreign Trade has constituted a GST facilitation cell at its Headquarters in New Delhi to assist and advice exporters, trade and industry for smooth transition to GST regime.