The GST rate cuts have not only reduced the prices of electric vehicles but also spurred companies like Mahindra to plan more rollouts. Mahindra and Mahindra said that it is expediting some of its new electric vehicles projects and now wants to work on all new electric vehicles made for India. While interacting with the media at […]
According to the Finance Ministry statement, these changes will be effective from August 01, 2019. The GST Council chaired by Finance Minister Nirmala Sitharaman has decided to slash GST rates on all electric vehicles (EVs) to 5 percent from the existing 12 percent and has cut the current 18 percent GST on electric vehicle chargers or […]
The GST Council will meet on July 25 and decide on lowering tax rates for EVs The GST Council, chaired by Finance Minister Nirmala Sitharaman, will meet on July 25 and decide on lowering tax rates for electric vehicles (EVs), officials said. The 36th meeting of the Council, which will happen through video conferencing, is also […]
The Delhi High Court has directed the Goods and Services Tax Council to review the tax structure for solar power projects. The decision was in response to a writ filed by the Solar Power Development Association, which had challenged the latest tax formulation for solar power generating systems unveiled on January 1. The court has […]
The GST Council’s move came after the recognition of the need to enhance the energy storage industry and its related segments. India Energy Storage Alliance (IESA) has welcomed the GST council’s reduction of goods and services tax (GST) for Lithium-Ion Batteries from 28 percent to 18 percent. The GST Council’s move came after the recognition […]
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