ATTN TAXPAYERS
FROM OUR TAX TABLE TODAY

ATTN TAXPAYERS FROM OUR TAX TABLE TODAY. SOURCES say:
Centre likely to have proposed lowering GST rate on two-wheeler less than 350CC & small cars. 
Key Proposals Under Consideration:

• Two-Wheelers (engine capacity below 350cc): GST rate to be cut from 28% to 18%
• Small Cars (below 1200cc engine capacity): GST + cess of about 29–31% to be reduced to 18% flat
• Hybrid Passenger Vehicles (upto 4m length & 1200cc petrol / 1500cc diesel engines): GST to be reduced from 28% to 18%
• Other Passenger Vehicles (big cars, luxury cars, SUVs): 40%

GoM on rates to deliberate on the proposal.