Struggling to survive despite the government ‘s clean energy dream, biodiesel industies have demanded the Goods and Service Tax (GST) rate on them be slashed from the current 18 to 5 per cent.
The demand came days after solar industry made a similar pitch, stating while unrealistic levy on the solar panels is killing the indian industry and giving an edge to Chinese exporters.
On Tuesday, the Biodiesel Association of India (BDAI) wrote to Union Finance Minister Arun Jaitley and Finance Ministers of West Bengal and Rajasthan seeking reduction of high GST rate.
The apex industry body pointed out that while there is a huge potential of producing more cleaner fuel in India, the extraordinary levy has bought the industry at the “brink of extinction”. Read More…
Drop GST On Bio-diesel From 18 To 5 Percent, Demands Biodiesel Association Of India added by newindianexpress.com on
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