- Deepak Ballani of ISMA urges GST reduction on flex-fuel vehicles and higher ethanol blends in the Union Budget to support clean mobility and the ethanol ecosystem.
- He highlights the tax disparity, noting GST on flex-fuel and strong hybrid vehicles is 18%, compared to 5% for EVs, and calls for parity.
- Ballani requests GST on E85/E100 ethanol-blended fuels be reduced from 18% to 5% to boost consumer acceptance.
- On exports, he notes slow sugar export pace due to low international prices, but expects improvement as Brazilian sugar supply decreases.
- India has a sugar surplus, impacting domestic prices and mill payments to farmers, and the sector faces challenges from ethanol overcapacity after reaching the E20 blending target.
Source : https://www.vatupdate.com/2026/01/03/isma-urges-gst-cut-on-flex-fuel-vehicles-ethanol-blends-in-union-budget-for-clean-mobility/#:~:text=Deepak%20Ballani%20of%20ISMA%20urges,EVs%2C%20and%20calls%20for%20parity
