NEW DELHI: Finance Minister Arun Jaitley today 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 council had fixed 43 per cent tax (28 per cent GST plus 15 per cent cess) on hybrid cars, a rate that industry felt was too high for the fuel efficient vehicles.
“We have done a detailed study on auto industry demand and a paper has been made which will be circulated among members. And, if necessary, it would come up for discussion. The fact that is being presented (by the industry), according to the paper, is not correct,” Jaitley told reporters.
The GST Council, chaired by the Union Finance Minister and having state counterparts as members, today lowered tax rates on 66 of the 133 items demanded by various sections of the industry. (AGENCIES)
Follow our WhatsApp channel
