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A senior official from Tata Motors, the leading manufacturer of electric vehicles in the country, cautioned on Wednesday that any effort to reduce GST tax rates on hybrid cars could lead to confusion in the industry and dilute the government’s endeavours to achieve its net-zero objectives. Shailesh Chandra, the managing director of Tata Motors’ divisions […]
The country after attaining the target of 10% ethanol blending is now focusing on achieving a 20% blending by 2025-26. Industry stakeholders emphasize the significance of implementing measures such as equalizing GST rates to encourage the adoption of Flex Fuel Vehicles (FFVs), recognizing their crucial role in achieving this objective. Currently, FFVs face a GST […]
Upon the system, the government is implementing to give the report to GST officers upon real-time grounds towards those vehicles who are running excluding the e-way bills to assist intercept stuck trucks at toll plazas and determine the GST theft. The assessee will also give analysis reports upon determining the e-way bill despite there being […]
Recently in a bid to wake up the motivation to go for a clean fuel green vehicle, the oil ministry asked for a rate reduction on the CNG vehicles from 28% to 5%. The lower 5% GST is applicable to electric vehicles as of now and the ministry thinks that the lowered rate may help […]
Recently the ministry of road transport asked finance ministry for a GST rate cut on all the hybrid vehicles in order to boost their sales and confidence in the customers of such vehicles. It is to be seen that the said agenda will be in the next GST council 37th meeting to be held in […]
The Cess may get increased on the cars by the GST Council to organize the resources for giving the subsidy to the EVs. This scheme is made to promote green energy sources and minimize the use of crude oil.
One Nation One Road Tax is a proposal from GST council to make one road tax across the country just like the Goods and services tax.
SIAM which stands for Society of Indian Automobile Manufacturers is a significant Industry body for automobiles and engine manufacturers in the country.
Although the GST Council has not mandated a tax reduction on lithium-ion batteries used in Electric Vehicles (EVs), many players in the industry remain optimistic about maintaining growth, though at a slower pace. They are actively seeking government support to expedite the adoption of EVs in India. Rather than concentrating solely on the current use […]
