Union Minister Advocates GST Concessions for End-of-Life Vehicle Scrappage
CIRCULAR ECONOMY & RECYCLING
Union Minister for Road Transport and Highways Nitin Gadkari has urged Finance Minister Nirmala Sitharaman to consider GST concessions for consumers scrapping old vehicles to purchase new ones. At an industry event, he emphasized that this initiative would stimulate demand for cleaner cars and incentivize government scrappage policies. Meanwhile, Commerce Minister Piyush Goyal addressed concerns from automobile dealers regarding the treatment of compensation cess on existing inventory and affirmed efforts to ensure lower GST rates benefit consumers, promoting affordability and sales.
Sep 19, 2025, 8:10 AM