Goods and Services Tax – GST – Dated:- 12-6-2017 – New Delhi, Jun 12 (PTI) – Union Heavy Industries Minister Anant Geete today said he will take up the issue of lowering the 43 per cent tax rate on hybrid vehicles under GST with Finance Minister Arun Jaitley. Yesterday, Jaitley hinted that the tax rate on hybrid cars will not be reviewed, saying the industry demands were not in sync with a study conducted by tax officers. The GST Council has fixed 43 per cent tax (28 per cent GST plus 15 per cent cess) on hybrid cars, a rate that the automobile industry feels is too high for the fuel efficient vehicles. When contacted, Geete told PTI he would take up the issue with the finance minister. Earlier also, the heavy industries ministry had writt
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ible to comment without understanding contents of the report. Similarly, Toyota Kirloskar Motor Vice-Chairman Shekhar Vishwanathan said: We would like to know the contents of the report that the finance minister is talking about. First of all we need to be clear about the definition of hybrid – vehicles that have an internal combustion engine and an electric motor. He further said globally, hybrids are supported by governments considering their environment-friendly properties due to lesser emission and higher fuel efficiency. If they withdraw the benefit to hybrid vehicles, then people will go back to conventional petrol and diesel engines till the time all the infrastructure for electric vehicles are in place, which is not expected to happ
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