October 3, 2025 11:47 AM
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PM Modi’s GST Bachat Utsav brings relief with reduced tax rates on small cars and two-wheelers
GST Bachat Utsav announced by Prime Minister Narendra Modi which commenced on 22nd of last month is benefiting all sections of society. The next-generation GST reforms represent a significant step towards simplifying country's indirect tax system. The reforms are bringing substantial relief to citizens by reducing the tax rate on various goods and services. Under the Next Generation GST reforms, the government has brought down the tax rate on small cars from 18 percent to 28 percent in order t...