Tag: gst
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GST Rate Cuts on Automobiles & Transport: What’s Cheaper Now and Why It Matters
GST cuts slash rates on bikes, cars, tractors, buses, and trucks. Cheaper vehicles will boost demand, create jobs, and benefit MSMEs. Logistics costs fall, making transport and exports more competitive.
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Many car buyers are delaying purchases amid expectations of a GST rate cut on vehicles. Dealers fear a festive-season slowdown
Many buyers are delaying car purchases, waiting for a possible GST rate cut on vehicles. Dealers fear festive season sales may drop as bookings are postponed. A GST reduction from 28% to 18% could lower car prices by Rs.70,000–1.5 lakh.
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No GST Notices on UPI Transactions, Clarifies Finance Minister
No GST Notices on UPI Transactions, Clarifies Finance Minister Union Finance Minister Nirmala Sitharaman has clarified in a written reply to the Lok Sabha that Central GST authorities have not issued any GST notices based on UPI transactions. Finance Minister’s clarification: “Central GST authorities have not issued any notices based on UPI transactions.” The clarification…