The GST Council will consider reducing tax on electric vehicles, which are seen as more environment-friendly, and the matter is pending before it, Minister of State for Finance Anurag Thakur informed the Lok Sabha on Monday.
India may cut the goods and services tax (GST) on electric vehicles to 5% from 12% to provide a stimulus to the sector that’s a high priority for the Narendra Modi government.
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).
Hindustan Petroleum Corporation Limited (HPCL) Chairman Mukesh K. Surana on Tuesday said that they expect the new government to bring petroleum products under the GST regime.
India, the world’s third-largest energy consumer is undergoing a clean energy transition. This transition must not only advance climate commitments but also development needs and economic priorities.
The introduction of Goods and Services Tax (GST) has led to an increase in the cost of solar photovoltaic (PV) power generation by almost 6 per cent, an independent study by the Council on Energy, Environment and Water (CEEW) and the International Institute for Sustainable Development (IISD) said on Thursday.
Auto LPG industry in the country has sought a reduction in GST rates on LPG conversion kits for automobiles from current 28 per cent to 5 per cent to boost vehicle conversions to the environment-friendly fuel.
India’s largest LNG supplier Qatar on Sunday urged the central government to include natural gas in GST to help create demand for the environment friendly fuel and raise its share in the country’s energy basket.
With the Interim Budget for 2019-20 failing to address the issue of bringing petroleum products and gas under the ambit of GST, the oil and gas sector fears being left behind on GST reforms, said accounting and consultancy firm PwC.
Bhuwan Chandra Tripathi, chairman & MD, GAIL (India) Ltd, spoke about the volatility in crude prices, growth and expansion plans of GAIL in an interview with Swati Khandelwal of Zee Business on the sidelines of the World Economic Forum, Davos.