2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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5%
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10%
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1%
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4%
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Detailed explanation-1: -The 36th GST Council meeting decided to reduce the GST rate on electric vehicles from 12% to 5% and chargers or charge stations from 18% to 5% to boost the electric vehicle market. The sale of electric vehicles is covered under HSN code 870240.
Detailed explanation-2: -Electric vehicles with or without batteries will be taxed at 5%, clarifies finance ministry.
Detailed explanation-3: -The Goods and Services Tax (GST) on sale of electric vehicles has been reduced from 12% to 5%. The Ministry of Road Transport & Highways has advised state governments to waive road tax on purchase of electric vehicles.
Detailed explanation-4: -36th GST Council Meeting Update: 5% GST rate applicable to Electric Vehicles (EV) as well as EV accessories such as chargers and charging stations.