According to the scheme guidelines, e-cycle buyers will get a purchase incentive of 25 per cent of the price with a cap of maximum ₹ 5,500 a piece. New Delhi: The Delhi government has brought in a scheme under which financial incentive will be provided to those buying electric cycles. The demand incentive shall be […]
Electric cycles attract 5% GST, ordinary cycles 12% in India
The Modi government has been defending the multi-tiered rates under GST, saying there cannot be one rate given that different segments of society have to be taxed differently, but it has emerged that ordinary bicycles used mostly by the lowincome group people attract 12 per cent GST while expensive electric bicycles are in the […]