GST Reduction: Expectations and Reactions of auto industry
Sohinder Gill, Director General, Society of Manufacturers of Electric Vehicles (SMEV)
August 13, 2019, 11:40 ISTThe announcements on Electric Vehicles (EVs) in the union budget 2019-2020 bring cheers to both consumers as well as e-vehicle manufacturers. Provision of additional income tax deduction of an amount up to Rs 1.5 Lakh on purchase of EVs would encourage customers to opt for EVs.
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