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GST 2.0: The government has reduced the GST rate on Motor Vehicle Parts to 18 % for every HS code. This will make the repair of trains affordable and the service center bill will also be reduced. The new rules will be applicable from September 22, 2025.
Till now, two tax rates (18% and 28%) were applicable to the components used in trains. Now everyone has been put in the same slab (18 percent). This means low bill for consumers. For example, a brake pad set which used to cost 2,000 rupees with GST earlier, can now come around Rs 1,850. Similarly, there will be savings on batteries or AC parts. This change will encourage train owners for regular maintenance.
Experts believe that this step will promote Make in India and domestic auto industry. Companies will be helped in production and inventory management and the prices of parts will be stable. The train owners will now be able to repair at a low cost.
New GST rates applicable from the first day of Navratri
Let us know that the new GST rates are going to be implemented on the first day of Navratri or from 22 September. Due to this, there will be a big decrease in the prices of a large number of food and drink to TV, AT, fridge and vehicles and will become more cheaper than before. The number of existing tax slabs under the new GST framework will be reduced from four – 5%, 12%, 18% and 28% to two – 5% and 18%. Along with this, the government has given many zero by reducing tax on many such things. At the same time, 40% tax has been fixed on luxury and sin goods.
After starting a career with print media, he has been working as a senior copy editor in AyraNews24x7Hindi for the last 8 years. Business news team is part of the team for almost 4 years. He has experience of about one and a half decades in the media. Business …Read more
After starting a career with print media, he has been working as a senior copy editor in AyraNews24x7Hindi for the last 8 years. Business news team is part of the team for almost 4 years. He has experience of about one and a half decades in the media. Business … Read more
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