{"id":85770,"date":"2019-03-05T18:22:48","date_gmt":"2019-03-05T12:52:48","guid":{"rendered":"http:\/\/factly.forumias.com\/?p=2157"},"modified":"2019-03-05T18:22:48","modified_gmt":"2019-03-05T12:52:48","slug":"bring-lpg-conversion-kits-under-5-gst-iac","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/bring-lpg-conversion-kits-under-5-gst-iac\/","title":{"rendered":"Bring LPG conversion kits under 5% GST: IAC"},"content":{"rendered":"\n<ol class=\"wp-block-list\"><li>Indian Auto LPG Coalition (IAC)has appealed for a reduction in the goods and services tax (GST) rates on LPG conversion kits for automobiles from the current 28% to 5%. This would help boost vehicle conversions to Liquefied Petroleum Gas (LPG) which is an environment-friendly fuel.<\/li><li>LPG conversion kits allows vehicles to run on LPG rather than petrol or diesel.<\/li><li>GST (Goods and Services Tax) is an indirect tax that has replaced many Central and State taxes like excise duty,VAT and service tax. It is a single comprehensive tax levied on all goods and services produced in India as well as those imported from other countries.The GST council has categorised items in five major slabs &#8211; 0%, 5%, 12%, 18% and 28%.<\/li><li>Goods &amp; Services Tax Council is a constitutional body for making recommendations to the Union and State Government on issues related to Goods and Service Tax.GST Council is a joint forum of the Centre and the States. It consists of the following members:(a) The Union Finance Minister is the Chairperson (b) The Union Minister of State, in-charge of Revenue of finance and (c) The Minister In-charge of finance or taxation or any other Minister nominated by each State Government.<\/li><\/ol>\n","protected":false},"excerpt":{"rendered":"<p>Indian Auto LPG Coalition (IAC)has appealed for a reduction in the goods and services tax (GST) rates on LPG conversion kits for automobiles from the current 28% to 5%. This would help boost vehicle conversions to Liquefied Petroleum Gas (LPG) which is an environment-friendly fuel. LPG conversion kits allows vehicles to run on LPG rather&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/bring-lpg-conversion-kits-under-5-gst-iac\/\">Continue reading <span class=\"screen-reader-text\">Bring LPG conversion kits under 5% GST: IAC<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3127],"tags":[3203,3204,3205],"class_list":["post-85770","post","type-post","status-publish","format-standard","hentry","category-economy","tag-gst","tag-gst-council","tag-lpg-conversion-kit","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704910596},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/85770","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=85770"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/85770\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=85770"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=85770"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=85770"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}