Tax on hybrid cars may soon be cut to 35%

Tax on hybrid cars may soon be cut to 35%

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Tax on hybrid cars may soon be cut to 35%
To promote hybrid cars in India, the government might soon push for a lower Goods and Services Tax (GST) cess of 25 percent on “strong” hybrid cars which would make the effective tax rate 35 percent, according to Moneycontrol. A multi-pronged approach to be adopted by the government to develop a positive environment for electronic […]
Source: GST India