New Delhi, Sept. 5 -- The government has announced revised Goods and Services Tax (GST) rates for several categories under the Ministry of Heavy Industries, covering automobiles, components, and related transport services.

The move is aimed at rationalising taxation, improving demand, and supporting the broader manufacturing ecosystem.

The revisions cover two-wheelers, cars, buses, tractors, commercial goods vehicles, and auto parts.

The government has stated that lower tax rates are expected to boost demand across categories, strengthen the supply chain of ancillary industries, and generate employment opportunities both in the formal and informal sectors.

For the automobile sector, GST reductions apply across multiple segments.

Two-...