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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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