In India, electric vehicles (EVS) attract a GST of 5 per cent, while hybrids incur a much higher 43 per cent. CNG-powered cars, too, come under the highest tax bracket.
"The point you have made is a relevant one of taxation rates having a correlation with the emission norms. We are working on it. We have data on it from other countries and we have data from the people sitting here and there's logic in it," said Arun Goel, secretary, Ministry of Heavy Industries. Goel was responding to a question during a panel discussion on why hybrids attract a high GST despite low emissions.
This story is from the September 16, 2022 edition of Business Standard.
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This story is from the September 16, 2022 edition of Business Standard.
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