96% of new applicants set to benefit from simplified GST process
Produced by Naba Zehra Naba Zehra | Updated: September 4, 2025 05:54 PM IST
The GST Council has announced sweeping reforms aimed at easing compliance for small businesses and reducing taxes in key sectors. A new simplified registration scheme will provide automatic approvals within three working days for low-risk businesses, benefiting nearly 96% of new applicants. Meanwhile, GST on petrol, diesel, hybrid, and CNG vehicles has been reduced from 28% to 18%, while tractors and parts now fall under 5%. These changes promise affordability, transparency, and fresh demand across auto and agriculture markets.
