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.
11 Articles
11 Articles
GST 2.0 reforms will incentivise consumers to push domestic demands: Sitharaman
Talking about GST 2.0's impact on consumption in the economy, Sitharaman told Network18, "Citizen now has a choice to spend money. Now prices of everything have come down. This will definitely increase what people spend"
GST 2.0 focused on easing burden for farmers, middle class, says FM Sitharaman
Featuring streamlined slabs, lower compliance requirements, and consumer-friendly savings, the revamp is designed to leave more money in the hands of citizens while offering businesses greater room to expand.
Auto industry hails GST overhaul, sees big boost for affordable mobility
India’s auto industry has hailed the GST Council’s sweeping tax reforms, calling them transformative measures that will boost affordability, spur demand, and accelerate growth across passenger, commercial, and farm mobility segments.
GST to Boost Consumption Without Hurting Capex: FM Sitharaman – The Indian Awaaz
ADITYA RAJ DAS New Delhi Union Finance Minister Nirmala Sitharaman has asserted that the revised Goods and Services Tax (GST) framework will stimulate consumer spending without undermining capital expenditure. Speaking to a private news channel, Sitharaman noted that 99% of goods and services are now taxed at either 0%, 5% or 18%, marking a major […]
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