The top automotive news of the day - Tata Motors has launched a new variant to the Tigor range - XM, which sits right between the XE and the XT. The XM variant comes with more features and is available in both petrol and diesel engines. The GST council has announced an increase in cess on mid-size cars, large cars and SUVs. The cess increase is lower than expected, however, car prices will go up. And finally, Audi is all set to launch the A5 in India and this time around in two body types which makes things even more interesting. The company will launch the car in October and we can't wait to find out more.
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The high-powered GST Council, chaired by Finance Minister Nirmala Sitharaman, will meet on September 3-4 to discuss moving to a two-slab taxation.
The Centre's proposed reduction in GST is also expected to lead to a drop in costs for car buyers, reducing on-road prices as well as EMIs.
Proposed GST cuts on petrol and diesel vehicles could reduce EVs price advantage, slowing adoption while causing major revenue losses for the government - HSBC.
A key meeting of the Group of Ministers (GoM) on GST rate rationalisation on Thursday ended with state finance minister accepting the Centre's plan to reduce the number of tax slabs.
Over 50 million Micro, Small and Medium Enterprises in India, who have GST and Business PAN (B-PAN), can have digital procurement access through Amazon Business ahead of the upcoming festive season, the global e-commerce giant said on Thursday
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