Market Insight

The Indian GST: help or hindrance to the LV drive market?

February 12, 2018  | Subscribers Only

Peter Taylor Peter Taylor Analyst, Electric Motor Systems
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The GST has unified a number of local taxes including excise duty, service tax, and VAT, creating a single market for goods and services in India.Despite some negative and unclear elements, particularly in the short-term, the impact of the GST on the low-voltage drives market is likely to be positive overall.

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Manufacturing Technology
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