GST council reduces tax on electric cars to 5% | Editorji
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GST council reduces tax on electric cars to 5%

Jul 29, 2019 03:32 IST

In a bid to boost electric mobility, the GST Council on Saturday decided to reduce tax rates on electric vehicles from 12% to 5%. For electric vehicle chargers, tax rate has been reduced from 18% to 5%.  The new rates will be effective from the 1st August. The council further approved a GST exemption for local authorities who hire electric buses. The GST rate for petrol, diesel cars, on the other hand, are in the highest bracket of 28% plus cess.

National