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Stakeholders divided over state governments ending 100% road tax exemption for EVs
Money Control
·
1y ago
Medial
The state government of Karnataka, India, has decided to end the 100% road tax exemption for electric vehicles (EVs) and will impose a 10% road tax on EVs priced above INR 25 lakh ($340,000). This move raises concerns about its impact on efforts to make EVs more affordable and accessible for customers. Other states are also considering imposing road taxes on EVs, with Telangana already taxing them and Kerala imposing a 5% tax. However, states like Uttar Pradesh and Tamil Nadu continue to exempt EVs from road tax.
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Delhi Govt Withdraws Road Tax Waiver On EVs, Sales Take A Hit
Inc42
·
11m ago
Medial
The decision to withdraw the road tax waiver on electric cars and two-wheelers has resulted in a significant price increase and a negative impact on sales. Industry stakeholders are planning to meet with state transport authorities to express their concerns and seek a resolution.
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Need stable GST regime for EVs: Mercedes-Benz India
Livemint
·
1y ago
Medial
Mercedes-Benz India's Managing Director and CEO, Santosh Iyer, has urged the Indian government to commit to a 5% GST rate on electric vehicles (EVs) till 2030 to ensure their consistent adoption. Iyer emphasized the importance of year-on-year consistency and a policy framework that provides clarity on the GST regime for EVs. He further highlighted the need for both central and state governments to be committed to emissions-free mobility for a long-term, continued adoption of EVs. The GST Council had previously reduced the tax rate on EVs from 12% to 5% in 2019.
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Nitin Gadkari wants states to push for GST cut on flex-engine vehicles —‘MDs of Tata, Suzuki & Toyota have decided to…’ | Mint
Livemint
·
11m ago
Medial
Union Minister of Road Transport and Highways, Nitin Gadkari, has urged state governments to support a reduction in Goods and Services Tax (GST) on flex-engine vehicles. He proposed lowering the GST to 12% for flex engines, cars, and scooters in order to promote these eco-friendly options. Gadkari emphasized the economic viability, technological advancements, raw material availability, and marketability of flex engines. Several automobile manufacturers, including Tata, Suzuki, and Toyota, have committed to launching flex engine vehicles in India. Gadkari highlighted the potential market opportunities and environmental advantages of using biofuels in these vehicles.
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Karnataka extends exemption for startups, tech firms from labour regulations for five years
Economic Times
·
1y ago
Medial
The Karnataka State Government has extended the exemption for IT/ITES companies from the Industrial Employment (Standing Orders) Act for another five years, after considering ending the concession. However, this exemption comes with certain conditions. Companies must establish an internal committee to address sexual harassment at the workplace and a grievance redressal committee to handle employee grievances. The companies must also report disciplinary actions to the relevant labor authorities. The decision has been welcomed by industry associations, who believe it will support the growth of IT and ITES industries in Bengaluru and the rest of the state.
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Karnataka To Offer Incentives To Further EV Adoption
Inc42
·
10m ago
Medial
The Karnataka state government is planning to provide incentives to electric vehicle (EV) manufacturers, battery component makers, and charging gear manufacturers. These incentives could reach up to 25% on capital investments. In addition, the government is considering waiving road tax and registration charges for hybrid vehicles as part of its clean mobility drive. This initiative aligns with the recent clearance of the PM E-DRIVE Scheme by the union cabinet, which aims to promote the use of EVs and replace the existing FAME-II scheme.
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Sitharaman to meet state FMs for pre-Budget, GST Council meet on Dec 21-22
YourStory
·
8m ago
Medial
Union Finance Minister, Nirmala Sitharaman, is scheduled to meet with state finance ministers on December 21-22 for pre-budget consultations and a meeting of the Goods and Services Tax (GST) Council. During this meeting, state ministers will present their recommendations for the 2025-26 Budget, and discussions on exemption or lower GST rates for health and life insurance will take place. The Council may also consider reducing tax rates on common items from 12% to 5%. The meeting is likely to be held in either Jaisalmer or Jodhpur, Rajasthan. Discussions on rate rationalisation and the current four-tier tax structure under GST will also be held.
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7 years of GST: A revenue boost for Centre and States
Money Control
·
1y ago
Medial
The Goods and Services Tax (GST) regime in India completed seven years since its implementation. Experts suggest that GST has led to higher tax revenues, with monthly collections doubling over the past three months compared to the first year of implementation. The National Institute of Public Finance and Policy found that GST has been more effective in generating revenue compared to the previous tax system. The GST system has also helped reduce the fiscal imbalance between the Central and State governments. The improved tax compliance has set the stage for further reforms in the GST framework.
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Transport Ministry introduces new clause for bike taxis amid Karnataka ban
YourStory
·
1m ago
Medial
The Ministry of Road Transport and Highways has introduced new clauses to the Motor Vehicles Aggregator Guidelines 2020 to allow state governments to permit bike taxis using non-transport motorcycles. This comes amid the Karnataka ban on bike taxis, affecting aggregators like Rapido, Uber, and Ola. The ban has increased traffic congestion and fares. The new guidelines aim to enhance shared mobility, benefiting underserved areas, but don't lift the current ban. State adoption is essential for implementation.
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India to consider additional 10% tax on diesel engine vehicles
Reuters
·
1y ago
Medial
India's Road Transport Minister, Nitin Gadkari, has proposed an additional 10% tax on diesel vehicles to reduce fuel emissions and pollution. He warned automakers of even higher levies if they don't transition away from diesel. Currently, India imposes a 28% tax on diesel vehicles with additional "cess" based on engine capacity. Gadkari's comments sparked discussion among auto executives, with some describing it as a "bombshell." Pollution is a growing concern in India, and the government has been promoting electric vehicles (EVs) with tax incentives.
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GST demand over UPI credits: CM Siddaramaiah to meet stakeholders on Wednesday - The Economic Times
Economic Times
·
16d ago
Medial
Karnataka CM Siddaramaiah plans to meet stakeholders over GST notices issued to small traders based on UPI data, demanding tax arrears. The notices have sparked protests and rejection of digital payments. Siddaramaiah blames the Centre for the crisis, while BJP offers legal aid. The GST data, covering 2021-2025, has led to many rejecting QR codes. A three-day state-wide protest is planned, highlighting the impact on small businesses and vendors.
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