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Informative

GST Council Cuts Rates on Small Cars and Auto Parts to 18%: Hyundai India MD Unsoo Kim welcomes Move

Update / Judgement Date

05 Sept 2025

Source

Taxscan

Author

Team — WCP Legal Desk

Reading Time

1 min read

GSTOther Legal Matters

The GST Council has reduced the GST rates on "small cars and auto parts," a move welcomed by Hyundai India MD Unsoo Kim. This decision is a significant step towards a more user-friendly and less intrusive tax environment, aimed at promoting tax compliance while being sensitive to the practical difficulties faced by businesses. This is a crucial reminder to all businesses that they must be diligent in their dealings. The move is a significant step towards a more digitized and efficient tax system.