NITI Aayog pulls up bike cos on migration to electrics: TOI

NITI Aayog pulls up bike cos on migration to electrics: TOI
Saturday, June 22, 2019
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Dear all,

Your association SIMA is forwarding herewith articles published by the Times of India e-paper, Mumbai Edition dated 22.06.2019.

NITI Aayog pulls up bike cos on migration to electrics: TOI
(Says opposition will affect drive towards clean mobility)

As per the article NITI Aayog on Friday gave a dressing down to incumbent two-wheeler makers such as Hero Moto, Honda, Bajaj Auto & TVS over their reservation to a proposed migration to electrics (sub - 150cc) by 2025, saying their opposition is “not practical” & would “hamper the efforts towards driving in clean mobility”.

A high-level meeting, chaired by NITI Aayog CEO Amitabh Kant & vice-chairman Rajiv Kumar, was attended by top industry captains such as Bajaj Auto MD Rajiv Bajaj, TVS chairman Venu Srinivasan, Honda Motorcycle and Scooter India (HMSI) CEO Minoru Kato, senior officers from the government & also representatives from electric two-wheeler start-ups such as Ather, Revolt, Tork & Kinetic, all of whom agreed with the 2025 migration suggestion & rather wanted the timeline to be advanced further…… TO READ THE FULL ARTICLE PLEASE CLICK HERE.

GST Check: Multiplexes must sell only e-tickets.

The government on Friday made it mandatory for multiplexes to shift to electronic ticketing system to check possible goods and services tax (GST) evasion.

The order brings down the curtain on coloured tickets that a few cine complexes were still issuing. Registered multiplexes will be required to issue a tax invoice electronically, and for this purpose the electronic ticket issued by them shall be deemed to be a tax invoice, government officials said.

With the GST council’s decision, multiplexes are also seen to have become the test case for electronic invoices for B2C (business-to-consumer) businesses, something that was required only for business-to-business (B2B) transactions so far. “The proposed e-invoicing by multiplexes possibly marks the beginning of a mandatory e-invoicing system for B2C transactions. This could possibly be extended in future to other B2C transaction in order to have a complete e-trail of the value chain,” said Deloitte India Partner M S Mani.……TO READ THE FULL ARTICLE PLEASE CLICK HERE.

This is for your kind information.

Thanking you,
With regards,

For Silvassa Industries & Manufacturers Association,

Narendra Trivedi,

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