GST Council reduces rate on Electric Vehicles by 7%

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