Slash GST on Auto LPG, address policy issues stalling growth: Industry body to FM
Leading industry body Indian Auto LPG Coalition has sought GST reduction on Auto LPG as well as on conversion kits for gaseous fuels to promote the adoption of clean automotive fuels.
LPG used as fuel in automobiles or Auto LPG, which is among the cleanest alternative fuels with a Global Warming Potential of ‘zero’ is currently taxed at 18 per cent GST. Also, the GST rates on Auto LPG/CNG conversion kits stand at a prohibitive 2 per cent, IAC said.
High GST rates on clean fuels and conversions kits are in complete variance to the government’s stated green mobility push, it said in a statement.
“We seek the attention of Finance Minister Nirmala Sitharaman towards the imminent need for devising friendly policies to allow rapid growth of environment-friendly transport fuels such as Auto LPG.
