(PTI)
Union heavy industries minister Anant Geete on Monday said he will take up the issue of lowering the 43% tax rate on hybrid vehicles under GST with finance minister Arun Jaitley. On Sunday, 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% tax (28% GST plus 15% 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 written to its finance counterpart seeking lowering of the 43% tax rate on hybrid cars.
