 "Electric vehicle makers seek exemption from GST")
The electric vehicle manufacturers have sought an exemption or a maximum tax of 5% under the GST. Electric Vehicles are being incentivised world over for faster adoption as they have been recognised as a significant contributor to reduction of vehicular pollution, the Society of Manufacturers of Electric Vehicles (SMEV) wrote in a letter to Finance Ministry on Friday.
In order to reduce the price gap between electric vehicles (EV) and fossil fuel vehicles, and to promote adoption of this environment friendly technology, SMEV has worked with almost all the state governments to either exempt electric vehicles from VAT or reduce
