Indian transport minister wants GST on biodiesel dropped to 5%

August 10, 2017 |

In India, the transport minister plans to ask his finance counterpart to reduce the Goods and Services Tax on biodiesel to 5% from the current 18% in response to industry concerns that higher taxes could damage demand for the fuel. The government is seeking to reduce fossil fuel imports 10% by 2022 through a switch to domestic renewable fuels, leaving policies incoherent with this overall goal counterproductive.  Currently 80% of fuels for transportation and domestic use are imported.

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