Direct Tax: Definition, History, and Examples
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Direct Tax: Definition, History, and Examples
A direct tax is a tax paid directly by an individual or organization to the entity that levied the tax, such as the U.S. government.
6 months ago
Direct tax Tax rates
The 56th GST Council meeting has approved a major restructuring of tax rates, with a direct and significant impact on the automotive sector. This new structure is set to take effect on the first day of Navratri, September 22, 2025 The Council has approved a reduction in the GST rate from 28% to 18% on a wide range of vehicles, including: ● ​Petrol & Petrol Hybrid, LPG, CNG Cars (not exceeding 1200 cc & 4000mm) ● ​Diesel & Diesel Hybrid Cars (not exceeding 1500 cc & 4000mm) ● ​3 Wheeled Vehicles
The 56th GST Council meeting has approved a major restructuring of tax rates, with a direct and significant impact on the automotive sector. This new structure is set to take effect on the first day of Navratri, September 22, 2025 The Council has approved a reduction in the GST rate from 28% to 18% on a wide range of vehicles, including: ● ​Petrol & Petrol Hybrid, LPG, CNG Cars (not exceeding 1200 cc & 4000mm) ● ​Diesel & Diesel Hybrid Cars (not exceeding 1500 cc & 4000mm) ● ​3 Wheeled Vehicles
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