In a slight relief, luxury car buyers have seen an effective tax rate cut down to 40%, but luxury motorcycle buyers may still need to pay more, with the GST Council approving a hike in the effective tax rate on high-end models. Under the new structure, the GST rate on motorcycles with engines above 350cc… Continue reading “Sin goods” like luxury Cars, Bikes to be Taxed at 40%
Tag: Mobility
GST Cut: Auto Industry Reactions
The following are the reactions of key auto industry stakeholders, such as manufacturers, associations, analysts and others, to the government’s move to cut GST on several categories of automobiles and components: Saurabh Agarwal, Partner & Automotive Tax Leader, EY “The rationalization of GST rates on automotive vehicles and parts is a truly welcome and significant… Continue reading GST Cut: Auto Industry Reactions
GST Cut: Auto Industry Reactions
The following are the reactions of key auto industry stakeholders, such as manufacturers, associations, analysts and others, to the government’s move to cut GST on several categories of automobiles and components: Saurabh Agarwal, Partner & Automotive Tax Leader, EY “The rationalization of GST rates on automotive vehicles and parts is a truly welcome and significant… Continue reading GST Cut: Auto Industry Reactions
GST Council cuts tax on three-wheelers to 18% from 28%
India’s GST Council on Wednesday approved a reduction in the goods and services tax on three-wheelers to 18% from the current 28%, a move set to lower costs for manufacturers and buyers in a segment vital to urban transport and last-mile logistics. The decision, announced at the 56th meeting of the GST Council chaired by… Continue reading GST Council cuts tax on three-wheelers to 18% from 28%
GST Council slashes rates on buses, trucks, and ambulances to 18%
The Goods and Services Tax (GST) Council on Wednesday approved a reduction in the tax rate on buses, trucks, and ambulances to 18% from 28%, a move aimed at easing costs for the automotive industry and stimulating demand in key commercial vehicle segments amid sluggish economic growth. The decision, announced during the 56th GST Council… Continue reading GST Council slashes rates on buses, trucks, and ambulances to 18%
GST Council slashes rates on buses, trucks, and ambulances to 18%
The Goods and Services Tax (GST) Council on Wednesday approved a reduction in the tax rate on buses, trucks, and ambulances to 18% from 28%, a move aimed at easing costs for the automotive industry and stimulating demand in key commercial vehicle segments amid sluggish economic growth. The decision, announced during the 56th GST Council… Continue reading GST Council slashes rates on buses, trucks, and ambulances to 18%
GST on Small Cars, Motorcycles Slashed to 18% from 28%
The government on Wednesday announced sharp cuts in Goods and Services Tax (GST) rates across a wide swath of vehicles and equipment in a bid to spur demand. GST on small cars, motorcycles up to 350cc, three-wheelers, buses, trucks, and ambulances has been reduced to 18% from 28%, Finance Minister and GST Council Chairperson Nirmala… Continue reading GST on Small Cars, Motorcycles Slashed to 18% from 28%
LG TO INTRODUCE ADVANCED AI-POWERED LIVING WITH “LG AI HOME” AT IFA 2025
Bringing Harmony to Daily Life Through Advanced AI Appliances and Tailored Solutions Designed for European Lifestyles SEOUL, South Korea, Sept. 4, 2025 /PRNewswire/ — LG Electronics (LG) is presenting its vision for advanced AI-powered living at IFA 2025, kicking off tomorrow in Berlin, Germany. Under the theme “LG AI Appliances Orchestra,” the company will showcase how… Continue reading LG TO INTRODUCE ADVANCED AI-POWERED LIVING WITH “LG AI HOME” AT IFA 2025
SINBON renforce son partenariat stratégique avec Swobbee pour développer la mobilité urbaine durable
TAIPEI, 4 septembre 2025 /PRNewswire/ — Le principal intégrateur de systèmes électroniques SINBON Electronics Co., Ltd. a annoncé aujourd’hui avoir renforcé son partenariat stratégique avec la société berlinoise de technologie climatique Swobbee à travers un investissement minoritaire. Cette collaboration souligne l’engagement des deux entreprises à promouvoir la mobilité durable et à accélérer la transition vers… Continue reading SINBON renforce son partenariat stratégique avec Swobbee pour développer la mobilité urbaine durable
Costa Rica Trade & Investment Summit 2025 positioniert das Land als regionale Drehscheibe für globale Unternehmen
Investoren und Einkäufer aus 45 Ländern nehmen diese Woche an der wichtigsten Geschäftsveranstaltung der Region teil. Das Gipfeltreffen stellt ein neues Kapitel in Costa Ricas globaler Strategie zur Anziehung von Investitionen und zur Förderung von Exporten dar. SAN JOSÉ, Costa Rica, 4. September 2025 /PRNewswire/ — Diese Woche findet in Costa Rica der Costa Rica Trade… Continue reading Costa Rica Trade & Investment Summit 2025 positioniert das Land als regionale Drehscheibe für globale Unternehmen