GST revamp: What are the latest tax rates on cars, gold, phones,...

added a post in Business

2025-09-04 10:18:11 -

GST revamp: What are the latest tax rates on cars, gold, phones, cigarettes? Check details

The GST Council has announced a major overhaul of the indirect tax system, introducing a simplified two-slab structure of 5% and 18%, along with a 40% slab for luxury and sin goods. Small cars and motorcycles up to 350cc will see reduced GST rates, while electric vehicles and gold remain unchanged.

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