The Ministry of Heavy Industries (MHI) has thrown its weight behind a proposal by the Society of Indian Automobile Manufacturers (Siam), supporting its request to reduce the goods and services tax (GST) on compressed natural gas (CNG)-powered two-wheelers from the current 28 per cent to 18 per cent, and eventually to 12 per cent in stages.
A letter dated January 1, 2025, addressed to the revenue secretary in the finance ministry, highlighted that the proposal was also supported by other key ministries, including the Ministry of Road Transport and Highways, led by Nitin Gadkari, who initially proposed the move, and the Ministry of Environment, Forest and Climate Change.
The Ministry of Petroleum and Natural Gas (MoPNG) has taken it a step further by advocating for a reduction in GST on CNG-powered passenger cars, in addition to supporting the reduction for two-wheelers.
Bu hikaye Business Standard dergisinin January 08, 2025 sayısından alınmıştır.
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Bu hikaye Business Standard dergisinin January 08, 2025 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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