Govt cuts GST rate on ethanol meant for blending to 5%

The government has slashed the Goods and Services Tax (GST) rate on ethanol meant for blending under the Ethanol Blended Petrol (EBP) programme to 5 per cent from 18 per cent, news agency  ANI  reported today. Government lowers GST rate to 5% from 18% on ethanol meant for blending under the Ethanol Blended Petrol (EBP) programme — ANI (@ANI)  December 16, 2021 Under the government's…