GST Council Reduces tax on Electric vehicle & EV charging stations to promote electric vehicle and reduce pollution. Due to this step electric vehicle price decrease & increase count on roads.
As government is focus on promoting electric vehicle as recently give additional tax reduction on purchasing of electric vehicle, now take a big step to reduce GST on electric vehicle & charger.
A reduction of GST on all electric vehicle 12% to 5% & charger/charger station from 18% to 5%.The hiring of electric buses( of carrying capacity of more than 12 passengers) by local authorities will be exempted from GST. These changes shall come into effect from 1st August 2019.
Due to this big step of GST council created & positive atmosphere for Electric vehicle manufacture & buyers for clean environment.
As government focus on electric vehicle and reducing GST on it a big step towards clean environment.