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India Cuts GST On Ethanol To 5% To Promote Fuel Blendiing

India Cuts GST On Ethanol To 5% To Promote Fuel Blendiing

India has lowered the goods and service tax on ethanol meant for blending with gasoline as it looks to curb dependence on imported fuels. The GST on the alcohol has been cut from 18% to 5% under the Ethanol Blended Petrol Programme, Minister of State for Petroleum and Natural Gas Rameswar Teli said in response to a question posed in the Lok Sabha on Thursday during the ongoing winter session parliament. The NITI Aayog and Ministry of Petroleum and Natural Gas had prepared a report, “Roadmap For Ethanol Blending In India 2020-25”, in June which suggested tax breaks on ethanol.

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