GST new rates: High-end electric vehicles likely to attract 18% to 28% GST

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According to the proposals, GST on four-wheeled EVs priced between Rs 20 lakh and Rs 40 lakh will be raised from 5% to 18%, while EVs costing more than Rs 40 lakh will face a jump from 5% to 28%. Only electric buses will continue to enjoy the existing 5% concessional rate. The GoM argued…

Moody’s Ratings revises forecast of India’s 2025 GDP growth to 5.5-6.5%

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Moody’s Ratings on Wednesday revised its forecast for India’s GDP growth downward from 6.6 per cent in February to a lower range of 5.5 to 6.5 per cent for calendar year 2025 amid a raft of new US tariffs.   The rating agency’s report on tariffs and trade turmoil said that the tariffs will weigh…