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

X
close save
crop image
x
TM
Wed, Oct 18, 2017 | Last Updated 11:02 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
Will PV Sindhu and Kidambi Srikanth carry India's hope in Denmark Open???
Do you Know? What is India's Rank in Smartphone Usage?
Follow these simple tips for a Happy and Safe Diwali
"I don't care if I lose one eye, but you should lose two eyes..." - TTV Dinakaran
The Festival of Lights - All the Joy and the Happiness!
What's the Spiritual Significance of Diwali??
Hyderabad will experiences rain for one more week: MET
Director Varma directs a Biopic in the name of YS Jagan
Why Telangana ranks low in terms of IT Job Availability??
Does Chiranjeevi get a post in AP Congress?
Tamilnadu hikes liquor prices - Rs.12 increased for Quarter, Rs.10 for a cooling beer!
Survey says Indians are always in Social Media during Holidays
Myntra join hands with Textile Ministry in order to increase the demand for Handlooms
A Cheating case filed against 'Power Star'
Just 2mm of Rainfall and these are the conditions of Bengaluru Roads - SHOCKING Photos and Video
"Like Virat Kohli for Indian team, KT Rama Rao is Telangana's Kohli," Former Indian Cricket Captain
What Else Affects Asthma Symptoms?
YSRCP President holds BC Garjana after the Padayatra
Overall internet penetration in India is currently around 31%
Social Media highlighted failed promises of MLA
A Devotee slips down from 4000 feet while coming around the Temple - Shocking Video!
State Govt initiated a probe into the corruption charges against AP Kapu Corporation MD
Man accidentally slipped into nala at Dwaraka Nagar, pulled by the gushing water
Has YSRCP chief YS Jaganmohan Reddy committed a mistake by approaching the High Court?
Will Delhi breathe easier this Diwali??
TN theaters are showing 'Hatred' against the new Terms and Conditions
When both DC and Marvel fans came together at Comic-Con, Hyderabad!
Fenugreek seeds that could change your life
Hustler Publisher is offering $10 Million to impeach President Donald Trump
A Child's importance of learning in the first five years
Lesser known facts about Goddess Saraswathi
Formula One Case is back to haunt Anjana Reddy
CM Chandrababu Naidu is in Kumbhakarna Nidra : YS Jagan
Windows Phones can't stand near iOs and Android - Nadella
MS Dhoni is running close to Usain Bolt Speed - A Leading English Daily Reports with Speed calculations
Entire Chennai City is going to be like a BIGG BOSS house - Miscreants can't run or hide
About the author

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