Govt should cut GST on lithium-ion batteries by 5% to boost local manufacturing: Kushmanda Power CFO - ET EnergyWorld

Kushmanda Power's CFO advocates for a GST reduction on lithium-ion batteries from 18% to 5% to boost domestic manufacturing and reduce import reliance. India should lower the goods and services tax (GST) on lithium-ion batteries to support domestic manufacturing and reduce dependence on imports, R K Jaain, Chief Financial Officer (CFO) of Kushmanda Power Ltd said on Monday. "Lithium batteries curr…