GST on EV and EV Chargers reduced to 5% from 12%

Tax

The Goods and Services Tax (GST) Council, in its 36th meeting on July 27, slashed the GST on electric vehicles (EVs) to 5 percent from 12 percent.

The Council has also slashed the tax rate on EV chargers from 18 percent to 5 percent. The new rates will be effective from August 1.

“Hiring of electric buses (with a carrying capacity of more than 12 passengers) by local authorities to be exempted from GST.”

The government said in a press release.

The Council also slashed the GST on EV Chargers from 18% to 5%. The government think tank Niti Aayog has planned transition to e-mobility for two-wheelers less than 150 cc by 2025 and three-wheelers by 2023. The meeting, chaired by Finance Minister Nirmala Sitharaman, was held via video conferencing.

A group of tech enthusiasts who are tracking latest developments in CleanTech with special focus on Energy Storage and Electric Mobility

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A group of tech enthusiasts who are tracking latest developments in CleanTech with special focus on Energy Storage and Electric Mobility

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