The Goods and Services Tax (GST) Council should not lower the tax incidence on petrol- and diesel-run vehicles according to a statement from the Indian Foundation of Transport Research and Training (IFTRT). These tax levels should be maintained despite the slump in sale reported by auto majors in India.
Incentivise cleaner fuel
The IFTRT, a transport research body, in a statement, said that the GST Council should instead lower the tax incidence only on electric vehicles, CNG, LNG and hydrogen cell fuel vehicles. The GST Council meeting is slated to be held on June 20.
IFTRT said that there is an “unwarranted clamour for cut in GST rate on automobiles from 28 per cent to 18 per cent due to sudden drop in sales in last 6 months.” Read More