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Electric vehicles seek GST refund

By : Sustainability ..., Apr 15, 2020

The fledgling electric vehicles sector urgently needs financial support from the government in terms of fast GST refunds, which is most important for this industry because of its inverted tax structure. Import duty on finished goods is low compared with the duty on raw...

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Energy Storage Industry Seeks Relief in Sitharaman’s Budget 2020

By : Sustainability ..., Jan 20, 2020

Powered by expectations of favourable Budget from the Finance Minister Nirmala Sitharaman on February 1, the energy storage industry body India Energy Storage Alliance (IESA) has provided its recommendations for the upcoming Union Budget 2020. From Sitharaman’s second Union...

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Auto industry seeks bold fiscal measures in the Budget to revive growth

By : Sustainability ..., Jan 13, 2020

In middle of a prolonged slowdown, the automobile industry has asked the government to take bold fiscal measures to revive the sector that has reported its worst-ever sales decline in two decades during 2019, industry sources said. In the upcoming Union Budget, the auto...

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Oil ministry wants cut in GST on CNG vehicles to 5%

By : Sustainability ..., Jan 2, 2020

The oil ministry has proposed reducing the goods and services tax on compressed natural gas (CNG)-driven vehicles to 5% — at par with electric vehicles — from the current 28% to help the government’s drive to popularise gas vehicles. This could mean more than 20% reduction in...

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Boost for electric vehicles: GST Council trims tax on electric cars, chargers to 5%

By : Sustainability ..., Jul 29, 2019

The 36th Goods and Services Tax (GST) Council meeting Saturday approved reduction in GST rate for all electric vehicles to 5 per cent from 12 per cent and for chargers or charging stations for...

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GST on recycled construction waste products to be reduced to 5 per cent

By : Sustainability ..., Dec 19, 2018

In a bid to promote reuse of debris generated by the construction industry, the government will soon reduce the Goods and Services Tax (GST) on products made from recycled demolition waste to...

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