GST Council slashes tax rates on electric vehicles, chargers

After budget boost, the GST Council slashed rates on electric vehicles. The GST rate on electric vehicles was slashed from 12 per cent to 5 per cent. The GST rate on electric vehicle chargers was reduced from 18 per cent to 5 per cent. The hiring of electric buses by local authorities has also been made tax free. It is a bid to reduce dependence on fossil fuels for transportation.