IRF requests GST Council to lower GST on helmets to zero, citing road accident fatalities in India.
International Road Federation (IRF) urges GST Council and Ministry of Finance to lower GST on helmets from 18% to zero, stating that two-wheeler riders are most vulnerable in road accidents, leading to many fatalities. With 12% of global road accident deaths, India faces economic loss between USD 15.71-38.81 billion. Lowered GST on helmets could increase accessibility and usage.
June 12, 2024
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