GST rate cut on Electric Vehicles from 12 percent to 5 percent

GST RATE CUT ON ELECTRIC VEHICLES   For: Preliminary & Mains Topics covered: GST rate changes, Electric vehicles, Significance, Challenges   News Flash The Central government announced GST rate reduction for electric vehicles, chargers and charging stations. The changes shall come into effect from August 1, 2019.   Highlights The 36th GST Council Meeting recommended a reduction of GST rate on all-electric vehicles from 12 percent to 5 percent. The GST rate on the charger/…

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