Toyota Kirloskar Motor (TKM) is lobbying for a merit-based taxation on technologies such as hybrids. Hybrids are said to have “the lowest carbon footprint from a well-to-wheel perspective, according to a study by the Bengaluru-based Indian Institute of Science (IISc).
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The company is hoping for a GST reduction on hybrids when the GST Council meets after the elections.
The hybrids are taxed at a rate of 28 per cent GST, which, along with cess, takes the taxation to 40 per cent in certain vehicles. However, according to reports, despite recommendations by transport minister Nitin Gadkari for a 12 per cent GST for hybrids, the council is not keen on a reduction.
Read more at: The Telegraph online
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