Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: TDS :: VAT Audit :: Central Excise rule to resale the machines to a new company :: form 3cd :: TAX RATES - GOODS TAXABLE @ 4% :: list of goods taxed at 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: articles on VAT and GST in India :: due date for vat payment :: empanelment :: ACCOUNTING STANDARD :: VAT RATES :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARDS :: cpt
 
 
VAT (Value Added Tax) »
 15% rise in collectionof VAT for Oct-Nov
 China to simplify tax scheme after switch to VAT
 Cabinet clears key proposals on VAT, regularisation of jobs
 Cases of VAT overcharging flood consumer forum
 State seeks relief from Centre
 Flat rate VAT changes for small businesses explained
 Cenvat Credit Of Additional Duties Of Customs [Cvd] On Imported Coal
 Excise Dept puts VAT refund on fast track
 Consumer fora receive 18 VAT plaints
 Appointment of Assistant VATO - F.3(14)/Fin(Rev-I)2012-13/DSVI/334
 Bio-diesel body seeks VAT relaxation

VAT has imposed brakes on e-vehicles in Gujarat: CII GKAFC study
August, 21st 2014

The imposition of a "whopping" 14.5 percent Value Added Tax or VAT on electric vehicles in Gujarat has broken the back of this non-polluting automobile segment in the state, states a consumer perspective study for electric vehicles that was released here on Wednesday.

The percentage of VAT imposed by Gujarat on electric vehicles is the highest in the country, states the study --- titled 'Consumer Perspective towards E-mobility (In twin cities of Ahmedabad & Gandhinagar)' --- released by Ahmedabad city mayor Minakshi Patel at a conference here.

"The whopping 14.5 percent of VAT on electric vehicles has applied brakes on promotion of electric vehicles in the state.... While Rajasthan, Punjab and Haryana do not levy any tax on e-bikes and e-cars, Delhi even offers a subsidy on such non-polluting vehicles," states the study prepared by CII Gujarat Knowledge Application & Facilitation Centre.

"Because of high taxes, electric cars are not sold in Gujarat. The electric car which is sold in Delhi for around Rs 3.5 lakh is priced around Rs 5 lakh in Ahmedabad," the study states.

Electric vehicle manufacturers like Morello Yamasaki who were was part of the conference where this study was released stated that it was the state government policies that played a major role in the sale of electric vehicles. "The percentage share of electric vehicle sold in states like Gujarat have slipped to about 10 percent, from 30 percent few years back. This share of electric vehicle sales have grown in states like Delhi," says Rajit Arya, CEO, Morello Yamasaki.

Of the 470-odd respondents of this study, conducted in August in the cities of Ahmedabad and Gandhinagar, 82 percent of them thought that "a discount on base price will change customer's decision to buy electric vehicles instead of fossil fuel-run vehicles."

Apart from high prices, other important barriers for electric vehicles in these cities were high charging time, low pick up, limited running range, low top speed and battery life.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
SEO Services SEO LLC e-boost Search Engine Optimization Services Internet Marketing Services Website Placement Services On-site Webs

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions