TaxCuts

Big Savings Ahead: GST Council Announces Sweeping Rate Cuts

by
Big Savings Ahead: GST Council Announces Sweeping Rate Cuts

In a landmark decision aimed at making life more affordable for millions, the 56th GST Council has announced sweeping reforms under a new “Next-Gen GST” regime. Effective immediately, these changes bring significant GST rate cuts across a wide range of goods and services, benefiting households, farmers, and key industries. Major GST Rate Cuts Across the … Read more

GST Overhaul Could Make Small Cars More Affordable

by
GST Overhaul Could Make Small Cars More Affordable

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