ACMA pitches for uniform GST rate of 18 pc on all auto components

Automotive component industry body ACMA Thursday asked the government to ensure a uniform GST rate of 18 per cent on all auto components as part of measures to support the sector that is going through a downturn. Automotive Component Manufacturers' Association (ACMA) further said there is also an urgent need to increase the rate of weighted deduction on R&D spend. "The automotive industry is w…