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GST Overhaul Could Bring Down Car Prices by Up to 10%
The New Indian Express Mysuru
|August 20, 2025
The proposed next-generation GST overhaul could bring down car prices by up to 10%, if the tax rate is reduced from 28% to 18%, according to analysts.
As part of the wider reforms to boost economic growth, the Centre has proposed moving from four tax slabs to a simplified two-rate system: 5% for essential items and 18% for most other goods. Luxury and sin products could face a steeper levy of around 40%.
Esta historia es de la edición August 20, 2025 de The New Indian Express Mysuru.
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