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India's complex GST tax and how Modi's reform will make goods cheaper

India adopted the GST in 2017, sweeping in more than a dozen domestic state taxes in a bid to unify the economy on the principle of "one nation, one tax, one market". It was hailed as the biggest tax reform since independence from Britain in 1947.

GST Reforms 2025: What A Tax Cut On Vehicles Means For India's Auto Industry

The Indian automotive industry could soon witness a GST cut on cars, and here's what the cut holds for the buyers and manufacturers.
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GST 2.0: What will get cheaper under India's tax overhaul

The Indian government's proposed Goods and Services Tax (GST) restructuring plan could make air conditioners, cars, and televisions more affordable for consumers.

India To Cut GST On Entry-Level Two-Wheelers And Small Cars? Internet Celebrates With Cheeky Memes

The Government of India is reportedly considering GST (Goods and Services Taxes) reforms by slashing taxes on the purchase of entry-level two-wheelers and smaller four-wheeler vehicles.

Include mobile phones in 5% GST slab of essential goods: Industry

"The mobile phone is no longer an aspirational good; it is an essential digital infrastructure for education, healthcare, financial inclusion, and governance. It should rightly be taxed at 5 per cent GST,

Price of small cars in India could drop by 8% under proposed GST cut: Report

The report suggests that if the GST rate for smaller cars is reduced from the current 28% to 18%, consumers may see a price decrease of approximately 8% on these vehicles.
Devdiscourse2h

Streamlined GST: A New Frontier for India's Fiscal Future

The proposed 2-tier GST structure, featuring just two slabs of 5% and 18%, aims to simplify the taxation system in India. Expected to enhance fiscal revenues and reduce classification disputes, this reform is under discussion by the Centre and states,

GST reform gets S&P’s approval, could boost government revenue in long term

S&P does not think the Indian government would reform the GST “to the point that it would hit fiscal revenues”.

GST 2.0: Probable premium cut from 18% to 5% poised to expand India’s insurance net, says report

A report by Tata Mutual Fund highlighted that the life and health insurance, currently taxed at 18%, could fall to 5% or even zero in select cases. This move would make policies more affordable, encourage wider adoption,

Explainer: India's complex GST tax and how Modi's reform will make goods cheaper

Prime Minister Narendra Modi has proposed India's biggest tax reform in eight years to lower consumption levies on everyday goods and small cars from October, in a move seen as boosting his his image amid trade tension with Washington.
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