CBIC notifies reduction in tax rate on Electronic Vehicles and Chargers, exemption on Electric Buses hiring

CBIC notifies reduction in tax rate on Electronic vehicles (EVs) from 12% to 5% and on EV chargers from 18% to 5% pursuant to recommendations of the Council in its 36th Meeting held on July 27, 2019; Further, notifies exemption from GST on hiring of Electric Buses by local authorities; Defines “Electrically operated vehicle” for relevant entries inserted in the Rate Schedule; Notification to come into force on the 1st August, 2019 : CBIC Notifications...