 "Union Finance Minister Nirmala Sitharaman during the Goods and Service Tax (GST) council meeting held through video conferencing, in New Delhi, Saturday. Photo: PTI | Manvender Vashist")
In a move to make Electric Vehicles (EVs) attractive, GST council on Saturday approved rate cut on electric vehicles from 12 per cent to 5 per cent, and on EV chaegers from 18 per cent to 5 per cent, respectively. EV makers have said this will reduce the gap between EVs and internal combustion engine (ICE) vehicles.
Hiring of electric buses (of carrying capacity of more than 12 passengers) by local authorities was also exempted from GST. However, GST rate remained unchanged for petrol, diesel cars and hybrid vehicles. The proposed changes shall become effective from August 1, 2019, said
