'Phasing out old vehicles could fetch Rs 40,000 cr in GST': Nitin Gadkari

Nitin Gadkari highlighted the potential for ₹40,000 crore in GST revenue through the scrapping of 9.7 million unfit vehicles, potentially creating 7 million jobs. The government's vehicle scrapping policy encourages phasing out old vehicles, with the private sector investing ₹2,700 crore in scrapping centers.

from Auto-Industry-Economic Times https://ift.tt/zVu9Ymv