Auto makers have asked the government to reduce GST rate on hybrid vehicles to 18 per cent, saying clubbing the eco-friendly automobiles with big luxury models is "incomprehensible".
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Electric vehicle industry resents 12 percent GST
Under the Goods and Service Tax (GST) scheme which is scheduled for 1st July, Electric Vehicle industry has been kept at 12 percent. Ayush Lohia, CEO, Lohia Auto Industries said “Keeping the Electric vehicle industry at 12 percent tax band can prove to be harmful for this industry.