IRS offers new relief options to help with tax bills during coronavirus pandemic
8:18
Fox BusinessMegan Henney
IRS offers new relief options to help with tax bills during coronavirus pandemic
The IRS unveiled new debt relief options on Monday for taxpayers still reeling from the coronavirus pandemic.
Nov 3, 2020
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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