India, March 23 -- The Government of India has issued a release:
India's commitment to sustainability and climate action has been reinforced through recent GST rationalization, strategically reducing tax rates on waste management services, biodegradable products and green transportation.
Under the visionary leadership of Prime Minister Shri Narendra Modi, these reforms are designed to accelerate the adoption of eco-friendly manufacturing, strengthen waste treatment infrastructure and promote sustainable mobility solutions. Aligned with national initiatives like 'Viksit Bharat 2047' and the LiFE (Lifestyle for Environment) movement, these changes support India's Net Zero 2070 ambition and fulfil commitments under the Paris Agreement.
Strengthening Waste Management: Common Effluent Treatment Plants (CETPs)
The reduction in GST from 12% to 5% on services provided by CETPs is a significant move for environmental sustainability.
Combating Plastic Pollution
Biodegradable alternatives to reinforce the national ban on identified single-use plastics, GST on biodegradable bags has been slashed from 18% to 5%.
Green Mobility
Modernizing India's Fleet The reduction of GST from 28% to 18% for buses and commercial goods vehicles aims to clean the air in Indian cities.
These GST reforms make waste management, biodegradable products and green mobility more affordable and within reach. By cutting costs and supporting sustainable industries, these changes reinforce India's leadership in the global fight against climate change and lay the foundation for a cleaner, healthier and more sustainable future.
Disclaimer: Curated by HT Syndication.
