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India Plans Major GST Revamp to Boost Small Cars and Insurance
UNIQUE TIMES
|September - October 2025
India is considering its most significant Goods and Services Tax (GST) overhaul since 2017, with a proposal to cut GST on small cars to 18% from the current 28% in an effort to revive demand in the segment, which has lost ground to SUVs.
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The plan, likely to be announced by Diwali in October, also suggests lowering GST on health and life insurance premiums from 18% to 5% or even zero, aiming to increase insurance adop
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