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.
4 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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GST Overhaul: What Becomes Cheaper as New Rates Roll Out from Today India’s tax system has undergone its sharpest change since 2017, with the Goods and Services Tax now reduced to just two slabs. The revised structure, effective from September 22, is expected to ease prices across a wide range of essentials, services, vehicles and appliances. The rate cut follows earlier income tax revisions, with the government estimating that households together could save around ₹2.5 lakh crore. The move is b
GST Overhaul: What Becomes Cheaper as New Rates Roll Out from Today India’s tax system has undergone its sharpest change since 2017, with the Goods and Services Tax now reduced to just two slabs. The revised structure, effective from September 22, is expected to ease prices across a wide range of essentials, services, vehicles and appliances. The rate cut follows earlier income tax revisions, with the government estimating that households together could save around ₹2.5 lakh crore. The move is b
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