🚗 Big GST Relief for the Automotive Sector!
Many of you have been asking about the latest GST updates in the automobile industry. Here’s a clear breakdown:
✅ Small Cars & Motorcycles (up to 350cc): GST reduced from 28% to 18%
✅ Buses, Trucks & Ambulances: GST reduced from 28% to 18%
✅ Three-Wheelers: GST reduced from 28% to 18%
✅ Auto Parts: A uniform 18% GST rate is now applicable on all auto components, regardless of their HS code.
👉 This reduction is expected to make vehicles more affordable, boost sales in the automotive sector, and provide relief to both manufacturers and buyers.
by minister of finance Smt. Nirmala Sitharaman
The Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman, addressing a press conference.
Your Blogs
What is the Electric Vehicle Maintenance Costs ?
How to Save Money on Vehicle Insurance