Tuesday, August 20 2019

July 27, 2019

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

Goods and Service Tax

New Delhi-The 36th GST Council Meeting was held here today Via Video Conference under the chairmanship of Union Finance & Corporate Affairs Minister Smt Nirmala Sitharaman. The meeting was also attended by Union Minister of State for Finance & Corporate Affairs Shri Anurag Thakur besides Revenue Secretary i Ajay Bhushan Pandey and other senior officials of the Ministry of Finance. The GST rate on all electric vehicles be reduced from 12% to 5% and on charger or charging stations for Electric vehicles be reduced from 18% to 5%.Hiring of electric buses (of carrying capacity of more than 12 passengers) by local authorities be exempted from GST.