Next Gen GST: The GST Council on Wednesday approved historical changes to India's indirect tax structure - adopting a 5 per cent and 18 per cent tax structure - and several daily-use goods will become cheaper from September 22. From groceries and fertilisers to footwear, textiles, and even renewable energy, a broad basket of goods and services is set to become more affordable. Items earlier taxed at 12 per cent and 28 per cent will now largely migrate to the other two slabs, making a wide range of products cheaper. NDTV's Shubh Bhardwaj brings you the details.
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BMW Group has reduced the prices by up to Rs 13.9 lakh, which will be combined with festive offers.
The price reductions by Ceat will apply to tyres for commercial vehicles, agricultural machinery, passenger cars, and two-wheelers.
The Yamaha MT-03 and R3 have a 321 cc engine falling under the 350 cc category.
PM Modi's Economic Adviser Sanjeev Sanyal said that despite ongoing trade imbalances, India's economy will continue to rely on Chinese inputs.
Union Minister Piyush Goyal highlighted that the exports directly impacted by the tariffs accounted for only 1% of India's GDP.
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