https://www.taxtmi.com/news?id=18170 GST rate on hybrid vehicles is the central regulatory issue: the GST Council fixed a combined tax incidence producing a 43 per cent effective rate on hybrid cars, prompting formal requests from the Department of Heavy Industry to lower the rate to support sales and environmental objectives. Industry argues hybrids complement electric vehicles and need scale to be viable. The Finance Ministry references a detailed study that does not support the industry's claims, and ministers have signalled further inter ministerial discussion and circulation of the study for possible review. en-us Mon, 12 Jun 2017 17:58:52 +0530 Mon, 12 Jun 2017 17:58:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=18170 GST rate on hybrid vehicles is the central regulatory issue: the GST Council fixed a combined tax incidence producing a 43 per cent effective rate on hybrid cars, prompting formal requests from the Department of Heavy Industry to lower the rate to support sales and environmental objectives. Industry argues hybrids complement electric vehicles and need scale to be viable. The Finance Ministry references a detailed study that does not support the industry's claims, and ministers have signalled further inter ministerial discussion and circulation of the study for possible review. News - Mon, 12 Jun 2017 17:58:52 +0530 https://www.taxtmi.com/news?id=18170