Katamarayudu telugu movie review | Katamarayudu Movie Review Rating | Katamarayudu Review | Pawan Kalyan Katamarayudu

X
close save
crop image
x
TM
Mon, Aug 21, 2017 | Last Updated 8:20 am IST

Menu &Sections

Search

Tax rate on hybrid cars will not be reviewed: Arun Jaitley

Tax rate on hybrid cars will not be reviewed: Arun Jaitley
Tax rate on hybrid cars will not be reviewed: Arun Jaitley
http://apherald-nkywabj.stackpathdns.com/images/appleiconAPH72x72.png apherald.com

New Delhi sources have stated that the country's Finance Minister Arun Jaitley hinted that the tax rate on hybrid card will not be reviewed, saying the industry demands were not in sync with a study conducted by tax officers.



Previously the council had fixed 43% tax (28% GST plus 15% cess) on hybrid cars, a rate that industry felt was too high for the fuel efficient vehicles. Jaitley told reporters that "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, according to the paper, is not correct".

Tax rate on hybrid cars will not be reviewed: Arun Jaitley

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 and the council in its previous two meetings had put almost all goods and services in the tax brackets of 5, 12, 18 and 28% as it prepares to roll out the Goods and Services Tax (GST) from July 1.



Moreover Jaitley said the weighted average of all the rates decided by the council is significantly lower than the present tax incidence. As per the proposed rates under the GST regime, hybrid vehicles have been put in the same category as big petrol and diesel luxury cars attracting 28% rate with a cess of 15%.


Tax rate on hybrid cars will not be reviewed: Arun Jaitley
5/ 5 - (1 votes)
Add To Favourite
More from author
Patancheru Barber shocked on seeing his July month electricity bill
 Will YS Jagan develop Nandyal on par with Pulivendula??
  IT Company's focus is recruiting 40% girl students
Chandrababu Naidu's diehard fan is a Psycho Killer from Nellore
Delhi woman tourist raped in Hyderabad
Actress Poorna shaved off her head
Orthopedic surgeon tried to inject HIV Positive Blood to his colleague
Why 18 year girl set herself ablaze?
Heavy Rains braced Telugu states
Fear of losing makes TDP to get Nandyal by polls countermanded
Sunny Leone storm in God's own country
'Jal Satyagraha' launched by Villagers after Yogi Adityanath skipped visit
J Jayalalitha's niece Deepa Jayakumar in complete rage
IAS and IPS officers who haven't declared assets previous year will be denied vigilance clearances: Modi
"Kamal Hassan is suffering from mental disorder..."
Watch the Video of Congress Leader touching Lady MLC inappropriately
Is BS Yedyurappa names in Corruption Case in Karnataka State?
Why Donald Trump praises Kim Joan Un all of a sudden??
Why Government is so serious about this TV Serial??
Vishal Sikka from Infosys Board resigned - And here's why he did it !!!
How Sri Chaitanya school bus crashed into Agricultural Field??
Property dispute made a man kill his brother
School girl sold for Rs.5 lakhs in order to marry a 65 year old guy
Two guys arrested in Hyderabad for having demonetized rupees
About the author

Nanotechnology Degree Holder. Movie Geek. Crazy about comics and cartoons. Hardcore Cricket Lover. Photoshop Professional