Quick Summary
Union Minister for Road Transport and Highways, Nitin Gadkari, has made a compelling case for reducing the Goods and Services Tax (GST) on flex-fuel vehicles to 12%, down from the current 28% levied on internal combustion engine (ICE) vehicles. The minister's call was made during his address at the
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Community
- Daily E-Newsletter
- Unlimited News Access
- Profile Visitors
- Link Social Profiles
- Featured Job Posts
- Pro Badge
- Expert GST Guidance
- Unlimited Forum Replies
- Download Content in PDF
BEST VALUE
2 YEAR PLAN
3,499
(Excl. of GST ₹629)
1 YEAR PLAN
1,999
(Excl. of GST ₹359)
3 MONTHS PLAN
999
(Excl of GST ₹179)
View all CCI PRO benfits
Already a PRO member? Login here for an ad-free experience.
FAQ :
Nitin Gadkari is urging for the Goods and Services Tax (GST) on flex-fuel vehicles to be reduced to 12%, down from the current 28%.
He believes the GST reduction will make flex-fuel vehicles more affordable and attractive to consumers, thereby boosting the adoption of bioenergy.
Flex-fuel vehicles can run on a mix of petrol and ethanol, helping to reduce carbon emissions and lower India's dependency on imported fossil fuels.
India's ethanol blending rate has increased from 1.53% in 2014 to 15% in 2024, with a target of 20% by 2025. This program has reduced CO2 emissions and saved foreign exchange.
India's annual fossil fuel import bill is approximately ₹22 lakh crore.
CAclubindia
