Automobile industry seeks 5% GST for 2-wheelers running on flex fuel, official says
The automobile industry in India has requested a 5% Goods and Services Tax (GST) on two-wheelers running on flex fuel, similar to electric-powered vehicles. In addition, industry stakeholders have asked for a price guarantee on fuel for flex fuel vehicles (FFVs), with a 35% lower price than E10 fuel to offset the loss in fuel efficiency. This comes as the government aims to reduce oil imports and provide farmers with an additional source of income.
Source: indiatimes.com
