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Old 7th August 2017, 13:19   #31
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Default Re: Government plans major policy push to promote e-vehicles

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Originally Posted by sgiitk View Post
They seem to have missed the bus with high taxation on EVs/hybrids etc in GST. The makers may have been prompted by branding all sorts of cars hybrids to bypass AK49s even-odd rule.
If I remember correctly, EV's are taxed very low as against Hybrids or even normal cars. The GST for EV's is 12%, as against 28% for normal cars.

Last edited by vamsi.kona : 7th August 2017 at 13:20. Reason: grammatical error
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Old 25th December 2017, 14:10   #32
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Default Planning to buy an EV? You may get an IT deduction and pay just 5% GST if govt accepts proposal

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In a white paper submitted to the government, the Society of Indian Automobile Manufacturers (SIAM) also mooted exemption of road tax for electric vehicles

In order to promote electric vehicles (EVs) in India, auto industry body SIAM has suggested reduction of GST on such automobiles to 5 per cent, besides one-time income tax deduction of 30 per cent of vehicle price for non-financed buyers.

In a white paper submitted to the government, the Society of Indian Automobile Manufacturers (SIAM) also mooted exemption of road tax for EVs, while stating that a multi- pronged, segment and customer specific policy will be needed for a successful transition to electric mobility.
http://www.moneycontrol.com/news/tec...s-2468195.html

Last edited by GTO : 26th December 2017 at 12:13. Reason: Keeping the fair usage policy in mind, it's best to include an excerpt with a link to the original article
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