हिन्दी Blogs
Menu

Latest Posts
The Congress party admits defeat and resorts to threats of chaos post-elections: PMINDI Alliance called people hypocrites, who worshiped Shri Ram’s Surya Tilak: PMPeople will not forget the ‘Gunda Raj’ before the advent of the BJP government in UP: PMWe are tirelessly working for the development of the Northeast region: PMPM Modi addresses a public meeting in Nalbari, Assam

GST rate on all Electric Vehicles reduced from 12% to 5%

| Published on:

The GST Council has decided to reduce GST Rate on Electrical Vehicles from 12 per cent to 5 per cent.

In its 36th meeting today in New Delhi, the Council also decided to reduce the rate on Electric Vehicle Chargers from 18 per cent to 5 per cent. The new rates will come into effect from the 1st of next month.

The Council also approved an exemption from GST on the hiring of Electric Buses by local authorities.

Finance Minister Nirmala Sitharaman held the meeting through video conferencing. This is the first GST Council meeting after the presentation of Union Budget in Parliament on 5th of this month.

In its last meeting, the GST Council had approved the use of Aadhaar by businesses to register under GST and the imposition of a penalty of up to 10 per cent on entities not passing on benefits of GST rate cuts to consumers.