Higher 40% GST for big cars but prices will still fall: Here’s why – The Times of India
The GST Council has approved a new tax structure for vehicles, slashing GST on smaller two-wheelers and cars from 28% to 18%, while midsize and big cars have been moved to a higher 40% slab. Contrary to confusion on social media and some viral posts, buyers of larger cars don’t need to panic because prices…