General Impact of New GST Rates The new GST rates and slabs are designed to have a significant and positive impact on heavy industries by making products more affordable, stimulating demand, and simplifying the tax structure. The key changes include: Impact on Specific Heavy Industries 1. Automobiles The GST rate cuts in the automobile sector … Read more
A clarification from the Chief Commissioner of Meerut CBIC has spelled out bad news for automobile dealers. According to Sanjay Mangal, cess credits cannot be used or refunded under the current GST law. Here’s a breakdown of the situation: In short, while the clarification resolves regulatory uncertainty, it leaves auto dealers in a tough financial … Read more
The Government of India has revised the GST rates for several items under the Ministry of Heavy Industries, effective September 22, 2025. This move aims to simplify the tax structure and boost economic growth. Here’s a breakdown of the key changes: Automobiles Tractors These rate cuts are expected to create a multiplier effect across the … Read more
A significant overhaul of India’s Goods and Services Tax (GST) is on the horizon, promising to make smaller cars much more affordable. The proposed changes aim to simplify the tax structure and boost the entry-level car market. Current Vehicle Taxes Currently, the tax burden on cars varies significantly: The Proposed Overhaul The new plan would … Read more
