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Mercedes-Benz India on Tuesday said that the taxation on electric or environment-friendly vehicles should continue with lesser tariff, like the five per cent GST for the next eight-10 years, so that companies like them can do better planning for next generation mobility.
As the interim Union Budget 2024 approaches, the Electric Vehicle (EV) manufacturers are expecting multiple measures to propel the industry forward. Some of them want support in the Goods and Services Tax (GST) rules while some others look for more…
The Goods and Services Tax (GST) Council, at its meeting on July 11, is likely to recommend a cess of 22 percent for all multi-utility vehicles (MUVs), with length more than 4 metres, engine capacity of more than 1,500cc and…
The Society of Manufacturers of Electric Vehicles (SMEV) demands uniform 5 per cent GST on spare parts for electric vehicles. SMEV pointed out that while 5 per cent GST is levied on electric vehicles, for spare parts, there is no…
India may cut the goods and services tax on lithium-ion batteries and bring them on a par with taxes on electric vehicles to give a fillip to its green mobility plans. Discussions have begun among various stakeholders in the Union…