Minister Nitin Gadkari Seeks Reduction Of GST On Crude Ethanol: Report

As the Centre and states discuss rationalising the Goods and Services Tax (GST) framework in the country, the Union Minister of Road Transport and Highways has suggested reducing the GST rate on crude ethanol. Currently, ethanol used under the Ethanol Blended Programme (EBP) attracts a concessional GST rate of 5 per cent, while crude ethanol attracts a GST rate of 18 per cent. The minister has urg…