India Revises GST Rates for Automobile Sector
The Government of India has announced significant reductions in GST rates for various automobile categories, including two-wheelers, small cars, large cars, tractors, buses, and commercial vehicles. These changes aim to boost demand, support job creation, and enhance financial inclusion, particularly in semi-urban areas. The revised rates are expected to stimulate the automobile industry, promote cleaner mobility, and strengthen India's position in global manufacturing.
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