new delhi automobile industry body siam is seeking two tax rates for passenger vehicles under the gst regime instead of multiple rates levied currently as part of its wish list for the upcoming budget the industry body has also sought from the finance minister arun jaitley a special tax rate of 12 per cent for electric and hydrogen fuel cell powered vehicles the automotive industry has been suggesting two rates for cars in place of multiple tax rates and requests the government to keep only two rates for vehicles under the gst regime society of indian automobile manufacturers siam said in its suggestions for the union budget 201819 currently under the goods and services tax gst regime small petrol cars with engine capacity less than 1200cc attract 1 per cent cess while diesel cars with engine capacity of less than 1500cc attract 3 per cent cess on top of the 28 per cent tax similarly cess on hybrid cars including mid large and suvs remains at 15 per cent likewise those vehicles used for transport of not more than 13 passengers the auto industry has also urged the government for tax on used cars to be fixed at 5 per cent gst on the differential value between sale and purchase price of the used car similarly in the electrical vehicle vertical the industry has sought extension of custom duty concessions for additional critical components besides it has sought denial of any custom duty concessions to cbus completely built units of electric vehicles to support make in india programme the industry body has also sought the government to clearly provide definition of ckd completely knocked down skd semiknockeddown units of electric vehicles the siam has also suggested the finance ministry to exempt 1013 seater ambulances from levy of compensation cess mss bal pti published on dec 17 2017 at 1215 pm ist telegram facebook copy link be the first one to comment comment now comments comment now read comment 1 all comments post post find this comment offensive choose your reason below and click on the submit button this will alert our moderators to take actions reasons for reporting foul language defamatory inciting hatred against a certain community out of context spam others report join the community of 2m industry professionals subscribe to our newsletter to get latest insights analysis download etauto app get realtime updates save your favourite articles scan to download app union budget siam gst arun jaitley finance minister homenewspassenger vehicleauto industry seeks two gst rates for passenger vehicles