GST Council Meet: Tax on electric vehicles not reduced; fitment committee to take decision

The high-powered GST Council on Friday did not reduce the tax rate on electric vehicles as anticipated. There were expectations that the tax on EVs would be reduced to 5 per cent from 12 per cent to provide much-need stimulus to the green mobility sector. The matter has been forwarded to the fitment committee for further consideration. The idea behind lowering GST rates on electric vehicles is to…