EVs get a tax boost as GST rate slashed to 5% from 12%
- 5 years ago
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.
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.