{"id":282060,"date":"2019-07-15T05:20:31","date_gmt":"2019-07-15T05:20:31","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=282060"},"modified":"2019-07-15T05:20:31","modified_gmt":"2019-07-15T05:20:31","slug":"electric-vehicles-may-lower-attractiveness-of-mahanagar-gas","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/electric-vehicles-may-lower-attractiveness-of-mahanagar-gas\/","title":{"rendered":"Electric vehicles may lower attractiveness of Mahanagar Gas"},"content":{"rendered":"<p>Mumbai: Mumbai-based city gas distribution company Mahanagar Gas (MGL) may face some challenges thanks to the government&#8217;s push to make electric vehicles (EVs) affordable for consumers.<\/p>\n<p>The Union Budget on 5 July proposed to cut the goods and services tax (GST) on EVs from the current 12% to 5% by recommending it to the GST Council. In addition, an income-tax deduction of up to \u20b91.5 lakh can be availed on the interest paid on loans taken for EVs. The move is expected to save tax of around \u20b92.5 lakh over a five-year loan period for taxpayers. The Budget also reduced Customs duty on parts exclusively used for EVs like e-drive assembly, on-board charger, e-compressor, and charging gun to zero.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai: Mumbai-based city gas distribution company Mahanagar Gas (MGL) may face some challenges thanks to the government&#8217;s push to make electric vehicles (EVs) affordable for consumers. The Union Budget on 5 July proposed to cut the goods and services tax (GST) on EVs from the current 12% to 5% by recommending it to the GST Council. In addition, an income-tax deduction of up to \u20b91.5 lakh can be availed on the interest paid on loans taken for EVs. The move is expected to save tax of around \u20b92.5 lakh over a five-year loan period for taxpayers. The Budget also reduced [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,187],"tags":[],"class_list":["post-282060","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-oil-gas-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/282060","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=282060"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/282060\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=282060"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=282060"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=282060"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}