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GST on electric vehicles cut from 12 percent to 5 percent

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The Goods and Services Tax (GST) Council has announced a reduction in GST on electric vehicles from the prevailing rate of 12 percent to 5 percent. The new GST rate will be effective from August 1, 2019, and will apply to all electric vehicles on sale. The GST Council has also announced that the GST on EV chargers and charging stations has been brought down to 5 percent from the earlier 18 percent.

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