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Tag: gst on cars
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GST Revamp 2025: Small Cars and Bikes Get Cheaper — Is EV Growth at Risk?
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…
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New GST Rates in India 2025 – Full List, Effective Date, and Key Changes
The Goods and Services Tax (GST) Council has approved a major restructuring of GST rates in India, making the system simpler and more consumer-friendly. From 22nd September 2025, the new GST rates will officially come into effect. This is one of the biggest tax reforms since GST was first implemented in 2017. In this article,…