Tag: automobile industry GST

India’s GST overhaul, effective 22 September 2025, introduces a simplified two-slab structure (5% and 18%) plus a 40% on luxury/sin goods. This restructuring offers strong discounts on mass-market vehicles but raises questions about the future of the electric mobility push. GST Rate Changes: How Vehicles Are Affected Vehicle Type Previous GST (incl. cess) New GST…