GST revamp: Council meet to weigh big rate rejig; 5% EV tax as...

added a post in Business

2025-09-02 13:39:13 -

GST revamp: Council meet to weigh big rate rejig; 5% EV tax as opposition states push hard on revenue loss

The Centre is advocating for a 5% GST on electric vehicles as part of a broader tax overhaul, aiming to simplify the GST structure to two main slabs: 5% and 18%. This reform seeks to lower taxes on everyday goods while opposition-ruled states are concerned about potential revenue shortfalls and are seeking compensation.

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