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SMEV seeks reduced GST on EV batteries

Posted By: Doraiah Vundavally December 21, 2017

SMEV seeks reduced GST on EV batteriesNew Delhi, Dec 21 (IANS) The Society of Manufacturers of Electric Vehicles (SMEV) on Thursday urged the government to reduce GST rate on batteries used in EVs.

According to the nodal body of domestic manufacturers, the GST rate on batteries used in EVs should be brought down from 28 per cent.

"The body sees unreasonably high GST as one of the key impediments... in achieving the electric-green vehicle adoption target as visualised in Government of India's Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles policy rolled out two years back with much fanfare," SMEV said in a statement.

 

(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)

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SMEV seeks reduced GST on EV batteries

About VDC

Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.