Bajaj Auto meets FinMin seeking GST cut on CNG 2W
Close on the heels of launching the country’s first Compressed Natural Gas (CNG) motorcycle, Bajaj Auto met officials of the Finance Ministry recently seeking a reduction of goods and services tax (GST) on such two-wheelers.
Government sources said that the Pune-based company made a representation to the ministry recently for bringing the GST on CNG two-wheelers on par with battery electric two-wheeler which is 5%.
Industry sources added that the representation was done through the Society of India Automobile Manufacturers (SIAM), not just for CNG but ethanol-based vehicles too. SIAM is the country’s apex lobby body for the auto industry.
However, the Fitment Committee, of the GST Council is unlikely to consider the proposal anytime soon. An official said, “There is nothing on table right now. We’ll see the issue later.” The 54th GST Council meeting is scheduled for September 9.
