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Nitin Gadkari Urges GST Reduction on Flex Fuel Vehicles to 12% to Boost Bioenergy Adoption
Update / Judgement Date
04 Sept 2024
Source
Author
Team — WCP Legal Desk
Reading Time
1 min read
Union Minister Nitin Gadkari has advocated for a reduction in GST rates on flex-fuel vehicles to 12%, aiming to promote the adoption of bioenergy and eco-friendly transportation options. Currently, these vehicles are subjected to higher GST rates, which hinders their market penetration. By reducing the GST, the government intends to make these vehicles more affordable, thereby encouraging a shift towards sustainable energy sources. Gadkari's proposal aligns with the broader national goals of reducing carbon emissions and enhancing energy security through bioenergy, making it a significant policy consideration for the automotive and environmental sectors.