Union minister Nitin Gadkari clarified, government not planning to levy tax on diesel vehicles
By MYBRANDBOOK
Union minister Nitin Gadkari clarified his remarks on taxation of diesel vehicles and said that he wants to convey to automobile manufacturers that there is a need to take action on reducing pollution and also added that there is no proposal to levy a tax on such vehicles.
In the beginning of the week, the minister said that there is a need to levy a 10 percent tax on diesel-run vehicles to help cut emissions which generated lots of controversy.
"I am not against diesel fuel, and neither are we going to levy any tax on diesel vehicles," Gadkari told a news source.
The road transport and highways minister highlighted that diesel is very hazardous from a pollution point of view and is really causing health problems in the country.
He also stressed upon the fact that he is not against any industry and pointed out that the government is already giving incentives for electric cars.
"So my suggestion to the industry is that the best way to reduce pollution is to concentrate on alternative fuel," he added.
At the annual convention of automobile manufacturers body SIAM, Gadkari said that rising pollution levels pose a significant health risk and there is a case for increasing taxes to dissuade the sale of diesel vehicles.
"I am requesting the Finance Minister to impose an additional 10 percent GST on diesel engines and vehicles. This is the only way to phase out diesel vehicles," he had said. But soon after, he took to social media platform X to clarify the government's position.
"It is essential to clarify that there is no such proposal currently under active consideration by the government," he had said in a post on X, referring to media reports quoting him as suggesting an additional 10 per cent GST on diesel vehicles.
Automobiles are currently taxed at 28 percent GST, with additional cess ranging from 1 percent to 22 percent depending on the type of vehicle.
SUVs attract the highest GST at the rate of 28 percent along with a compensation cess at 22 percent.
Nazara and ONDC set to transform in-game monetization with ‘
Nazara Technologies has teamed up with the Open Network for Digital Comme...
Jio Platforms and NICSI to offer cloud services to government
In a collaborative initiative, the National Informatics Centre Services In...
BSNL awards ₹5,000 Cr Project to RVNL-Led Consortium
A syndicate led by Rail Vikas Nigam Limited (abbreviated as RVNL), along wi...
Pinterest tracks users without consent, alleges complaint
A recent complaint alleges that Pinterest, the popular image-sharing platf...
EXIDE INDUSTRIES LTD.
TP-LINK INDIA PVT. LTD.
LENOVO INDIA PVT. LTD.
ADITYA INFOTECH LTD.
ICONS OF INDIA : RAMESH NATRAJAN
Ramesh Natarajan, CEO of Redington Limited, on overcoming ‘technolog...
Icons Of India : GAUTAM ADANI CHAIRMAN ADANI GROUP
Gautam Adani is the Founder and Chairman of the Adani Group, which ran...
ICONS OF INDIA : RITESH AGARWAL
Ritesh Agarwal is an Indian billionaire entrepreneur and the founder a...
LIC - Life Insurance Corporation of India
LIC is the largest state-owned life insurance company in India...
ITI - ITI Limited
ITI Limited is a leading provider of telecommunications equipment, sol...
IREDA - Indian Renewable Energy Development Agency Limited
IREDA is a specialized financial institution in India that facilitates...
Indian Tech Talent Excelling The Tech World - Steve Sanghi, Executive Chair, Microchip
Steve Sanghi, the Executive Chair of Microchip Technology, has been a ...
Indian Tech Talent Excelling The Tech World - Aneel Bhusri, CEO, Workday
Aneel Bhusri, Co-Founder and Executive Chair at Workday, has been a le...
Indian Tech Talent Excelling The Tech World - Aman Bhutani, CEO, GoDaddy
Aman Bhutani, the self-taught techie and CEO of GoDaddy, oversees a co...