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GST 2.0: A Win For Households, A Boost For Businesses, A Signal To The World

  • The GST Council has decided to reduce GST on small cars and motorcycles under 350cc from 28% to 18%, effective September 22, 2025.
  • Shailesh Chandra, President of SIAM, described the tax cut decision as timely and consumer-friendly, indicating a positive impact on the automotive industry.
  • Finance Minister Nirmala Sitharaman announced the restructuring of GST into two slabs of 5% and 18%, simplifying the tax system for economic growth.
  • The reforms aim to make vehicles and agricultural machinery more affordable for consumers and manufacturers.
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India Today broke the news in India on Thursday, September 4, 2025.
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