India’s GST Cut Plans Include Hybrid Cars and Electronics

The Indian government is planning to cut the Goods and Services Tax (GST) by at least 10 percentage points on nearly 175 products — ranging from talcum powder, toothpaste, and shampoo to hybrid cars and consumer electronics — according to Reuters, citing two sources familiar with the matter. Under the proposal, GST on personal care items such as talcum powder, toothpaste, and shampoo could drop from 18% to 5%. Meanwhile, consumer electronics like televisions may see rates reduced from 28% to 18%. Small petrol hybrid cars are also potentially in line for a cut from 28% to 18%. The final list of products and rate changes will be decided by the GST Council, chaired by Union Finance Minister Nirmala Sitharaman, during its meeting on September 3–4.