Budget Day Input on Electric Vehicle Sector and Taxation by Maulik Manakiwala, Partner, Indirect Tax, BDO India
Below the Budget Day Input on Electric Vehicle Sector and Taxation by Maulik Manakiwala, Partner, Indirect Tax, BDO India
“National Manufacturing Mission to support domestic clean tech manufacturing of EV batteries, solar PV cells, wind turbines, etc. is a step closer to moving from thermal to green energy. This also aligns with Government’s vision of Make in India and sustainable future solutions like green manufacturing and Electric Vehicles (EVs)”
The Government’s increasing focus on travel and tourism is helping boost the overall economy. Performance Linked Incentives for states will help improve the overall hospitality network and increase focus on medical, spiritual and historic tourism. Such measures will help in increasing the indirect tax collections and forex reserves.
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