India GST Council reduces GST rate for electric vehicles from 12% to 5% with effective from 1st August 2019
Thought to popularize environmental friendly Electric Vehicle and equally boost the Market in India, GST Council has brought down the GST rate on electric vehicles to 5 per cent from 12 per cent.The move has come as an attempt within the arm for the auto industry which has been pushing for a tax-increase to market the sale of EVs. The
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