GST Council meet: Used EVs bought by companies or modified and sold by sellers to be taxed at 18% on margin value, says FM

Finance Minister Nirmala Sitharaman said that new EVs attract a 5% GST and the Council aims to promote the adoption of electric vehicles.

Dec 22, 2024 - 16:51
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GST Council meet: Used EVs bought by companies or modified and sold by sellers to be taxed at 18% on margin value, says FM
Finance Minister Nirmala Sitharaman said that new EVs attract a 5% GST and the Council aims to promote the adoption of electric vehicles.

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