GST Council may cut tax on hybrid vehicles as auto sector battles slowdown

Amid the auto industry’s clamour for a cut in the goods and services tax (GST) rate, the  GST Council  may give a breather to the hybrid vehicles segment in its upcoming meeting. The government is examining a rate cut for such vehicles by doing away with the cess, which will bring down the tax incidence from 43 per cent to 28 per cent. Hybrid vehicles use both a small internal combustion…