In its 56th meeting, the GST Council chaired by Union Finance Minister Nirmala Sitharaman has approved significant tax reductions across key sectors.
Here’s what will cost less now:
Automobiles
- Small cars & motorcycles (≤350cc): GST 28% → 18%
- Buses, trucks & ambulances: 28% → 18%
- Three-wheelers: 28% → 18%
- Auto parts: Uniform 18%
Textiles
- Man-made fibre: 18% → 5%
- Man-made yarn: 12% → 5%
Fertilizers
- Sulfuric acid, nitric acid, ammonia: 18% → 5%
Renewable Energy
- Solar panels, PV cells, windmills, biogas plants and more: 12% → 5%
This move also corrects inverted duty structures in textiles, fertilizers, and renewable energy, while giving relief to both industries and consumers.
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18 Aug 2025
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