The rollout of the new Goods and Services Tax (GST) regime has triggered a sharp rise in car sales across India, especially during the ongoing festive season. With tax rates on entry-level cars dropping from 28% to 18%, and SUVs/luxury vehicles seeing a 5% cut, consumers are flocking to showrooms. At a Kia showroom in Chennai, sales have reportedly doubled overnight. Dealers report record inquiries, mass bookings, and deliveries, turning this festive period into an unexpected 'car festival'.
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Planning to exchange your mother's 30-year-old gold this Dhanteras? Know the declaration rules, jeweller deductions, GST, and capital gains tax before exchanging your old jewellery.
With Samvat 2083 beginning on Sunday, November 8, investors will be watching whether the auto sector can regain momentum or face another challenging year.
For buyers focused on accumulating physical gold, coins can be an alternative to jewellery. They avoid the high making charges often associated with intricate ornaments and come in different weights, giving customers greater flexibility when spending a fixed amount.
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.
For households looking to purchase gold for weddings, gifting or long-term savings, the recent price decline could offer some relief.
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Opinion | Why States, Not Centre, Should Get All The Credit For GST 'Savings'Derek O’Brien
Wednesday October 22, 2025Amidst all the hoopla, it is the State governments that truly deserve recognition for coming together for the GST revision. Because the States are the ones bearing the brunt of massive revenue losses.
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Wednesday October 15, 2025The GST rationalisation is a gradual impetus to India's growth story.
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