Passez à l'illimité avec Magzter GOLD
Obtenez un accès illimité à plus de 9 000 magazines, journaux et articles Premium pour seulement
Essayer OR - Gratuit
MHI seeks lower GST on CNG 2-wheelers
Mint Mumbai
|January 30, 2025
A reduction in tax rates on CNG two-wheelers is likely to boost demand
The ministry of heavy industries (MHI) has called on the finance ministry to lower goods and services tax (GST) rate on two-wheelers powered by compressed natural gas (CNG), two people aware of the development said.
"Currently, CNG two-wheelers attract a 28% levy under the goods and service tax regime, and the heavy industries ministry has suggested to the Union finance ministry for this levy to be reduced to an appropriate level," said one of the two persons cited earlier, both of whom spoke on the condition of anonymity.
The MHI's suggestion comes just ahead of the Union Budget 2025.
A reduction in tax rates on compressed natural gas two-wheelers is likely to boost demand for such vehicles, curbing carbon emissions that are held responsible for global warming with catastrophic consequences.
Queries emailed to the ministries of heavy industries and finance had not elicited a response till press time.
Cette histoire est tirée de l'édition January 30, 2025 de Mint Mumbai.
Abonnez-vous à Magzter GOLD pour accéder à des milliers d'histoires premium sélectionnées et à plus de 9 000 magazines et journaux.
Déjà abonné ? Se connecter
PLUS D'HISTOIRES DE Mint Mumbai
Mint Mumbai
Tobacco cess set to expire, enter health and national security cess
Finance minister Nirmala Sitharaman will introduce a bill in Lok Sabha on Monday to levy a new cess for public health and national security, replacing the GST compensation cess on tobacco, which will lapse when the Centre completes repayment of the loans raised to compensate states.
2 mins
December 01, 2025
Mint Mumbai
Battery PLI may get new spark as rules set to ease
Scheme saw limited success; 50GWh capacity by Dec 2024 goal fell far short
3 mins
December 01, 2025
Mint Mumbai
China used to be a cash cow for western companies. Now it’s a test lab.
For Western companies in China, a new reality has set in: The easy money is gone and competition is only getting fiercer.
4 mins
December 01, 2025
Mint Mumbai
BEHIND THE GLOSSY REPORT: THE MAKE BELIEVE ESG WORLD
Recently, the Sebi chairperson made a distinction that should make every company board squirm, Speaking at the “Gatekeepers of Governance’ summit, Tuhin Kanta Pandey separated “compliance” from “governance” in a way that was both elegant and damning.
2 mins
December 01, 2025
Mint Mumbai
New safety, emission rules spell riches for parts firms
Anti-lock brakes? Sound alerts for EVs? Ever-changing emission norms? For India’s nimble auto parts makers, every new regulation to raise safety and lower pollution is opening up business avenues.
3 mins
December 01, 2025
Mint Mumbai
APIs to innovation: Bulk drug makers ramp up CDMO bets
Once focused on low-margin active pharmaceutical ingredients (APIs), India’s bulk drug manufacturers are raising their ambitions, with several now investing heavily in research and development to win contract development and manufacturing work from global drugmakers.
2 mins
December 01, 2025
Mint Mumbai
Smart GDP growth casts shadow over December rate cut
The Reserve Bank of India’s (RBI's) Monetary Policy Committee (MPC) is widely expected to keep the policy rate unchanged on 5 December, even as a sizable minority of economists argues that the space created by softening inflation and moderating nominal growth warrants another rate cut.
2 mins
December 01, 2025
Mint Mumbai
Why MF vendors haven't grown as fast as MF assets
A rising tide does not lift all boats—an adage that mutual fund distributors will vouch for.
4 mins
December 01, 2025
Mint Mumbai
Gen Alpha will make new rules for their workplace
Gen Alpha will expect hybrid workplaces, Al tools and 4-day weeks— offices unrecognizable to their parents’
3 mins
December 01, 2025
Mint Mumbai
EC extends electoral roll revision by a week to II Dec; final list on 14 Feb
The Election Commission on Sunday extended by one week the entire schedule of the ongoing special intensive revision (SIR) of electoral rolls in nine states and three Union territories amid allegations by opposition parties that the “tight timelines” were creating problems for people and ground-level poll officials.
2 mins
December 01, 2025
Listen
Translate
Change font size