Takeaways/amendments for Auto sector

1 Feb 2021 PDF
Subject Alerts
Jurisdictions India

On Monday, 1 February 2021, Union Budget 2021 was presented by the Hon'ble Finance Minister Nirmala Sitharaman in the Lok Sabha.

We bring you a detailed analysis on tax and regulatory amendments announced by the Hon'ble Finance Minister at her budget speech.

  • Key highlights for Auto sector
  • Increase in BCD rate of certain auto components
  • Announcement of voluntary vehicle scrappage policy
  • Equalisation levy provisions clarified
  • Reduction in BCD rate of certain metals.