Last month, industry body Ficci had called for a cut in EV charging services to make electric mobility affordable and competitive. Ficci's electric vehicle committee chair Sulajja Motwani had highlighted variation in GST rates of EVs and related products/services, and had suggested its realignment.
EVs are taxed under the 5% slab, while replacement batteries as well as charging services are taxed at 18%. "The proposed changes (reduction in rate or exemption) will make EVs more competitive and incentivise greater adoption," she had said.
This story is from the December 24, 2024 edition of Financial Express Lucknow.
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This story is from the December 24, 2024 edition of Financial Express Lucknow.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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