Electric vehicle (EV) manufacturers on Friday hailed the GST Council’s decision that EVs with or without battery pack will now be taxed at 5 per cent. At present, e-vehicles are taxed at 5 per cent while lithium-ion batteries are taxed at 18 per cent.
The decision was taken at the GST Council’s 47th meeting in Chandigarh on June 28-29, chaired by Union Finance Minister Nirmala Sitharaman.
“Electric vehicles, whether or not fitted with a battery pack, are eligible for the concessional GST rate of 5 per cent,” a ministry statement read.
Read out more: https://timesofindia.indiatimes.com/auto/cars/indian-ev-makers-hail-industry-wide-gst-rate-cut/articleshow/92610608.cms
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