GST Council Keeps EV Tax Untouched at 5%, Bringing Relief to Industry

The GST Council has turned down plans to raise the tax rate on electric vehicles, confirming that the current 5% GST rate will be unchanged. Speculations about a significant increase in GST for electric vehicles (EVs) have been cleared by the GST Council, which confirmed that there would be no changes in the applicable rates. The clarification comes as a respite from automakers and prospective buyers who have been edgy