Presently, automobiles are taxed at 28 per cent, which is the highest GST slab. A compensation cess, ranging from 1 to 22 per cent, is levied on top of this rate, depending on the type of vehicle. A ...

The GST Council’s decision to streamline India’s indirect tax regime is expected to reduce disputes over the classification of goods and services, offering relief to both industry and consumers. The ...

There is persistence of dual treatment within the 5 percent slab. Taxation experts have cautioned that the carve-outs offered in rates, along with classification anomalies and unresolved input tax ...

Both sales tax and GST are indirect taxes, meaning they are charged on transactions (purchases) instead of income, and the cost is ultimately paid by the person who buys the final product. The ...

In upcoming sweeping reforms, the GST on automobiles - currently in the highest tax bracket - will be restructured to resolve classification disputes related to engine capacity and vehicle size, ...