"Pre-Festival Gift": Experts Welcome GST Reduction On Small Cars, Bikes

The GST Council's decision to reduce the Goods and Services Tax on small cars and motorcycles up to 350 cc has brought a wave of happiness among the automobile and auto component industry, industry experts said.

The Mercedes-Benz E-Class also gets a new Verde Silver colour for all the variants.

GST Reforms 2025: The new GST structure will have two slabs of taxes, 5 per cent and 18 per cent, with sweeping rate cuts across agriculture, MSMEs, healthcare, labour-intensive industries, and households.

Donald Trump last month imposed a 50 per cent tariff on Indian goods, including 25 per cent as a penalty for buying Russian oil.

The State Bank of India (SBI), in its latest research report, said that reforms in GST through a reduction in rates will cause a minimal revenue loss of Rs 3,700 crore.

In what seems like a major public health push, the GST Council has cut GST on medicines, including 33 lifesaving drugs and 3 cancer/rare-disease medicines, to nil, and reduced GST on most other medicines and medical devices.

In a now-deleted post on X, the Congress said that "Bidis and Bihar start with B" and "cannot be considered a sin anymore", referring to the GST cut on the tobacco product.

The impact per order is expected to be modest but significant at scale.

For a student of political communication, this week has been fodder. The language used to describe GST reforms has been nothing short of grand. "Landmark". "Biggest ever since the 1990s". The Opposition has been advocating for such 'reforms' for eigh

The task of winding up multiple myriad taxes that used to operate before 2014 and shifting to a cleaner, more efficient system was such that testing out the new system was not possible, PM Modi's economic advisor said today.

P Chidambaram -- Congress's former Union Minister who handled the finance portfolio -- said today that while the rationalisation of the Goods and Services Tax law is welcome, it is eight years too late.

From September 22, 2025, all individual life and health insurance premiums will attract 0% GST, down from 18%. Announced after the 56th GST Council meeting, this move cuts upfront costs, may widen coverage, and nudges households to buy adequate prote

The Union Minister announced the new GST structure for the country, bringing the GST rate on smaller cars down to 18 per cent.

The rationalisation of Goods and Services Tax is the "biggest reform since Independence," Prime Minister Narendra Modi said today