GST Council’s Fitment Committee turns down Proposal to Reduce Tax on EV Batteries to 5%

By Navasree A.M - On October 6, 2023 3:23 pm - 2 mins read

GST Council's Fitment Committee - Fitment Committee - educe Tax on EV Batteries -GST Council - EV Batteries - taxscan

The fitment committee of the Goods and Services Tax (GST) Council has rejected the proposal of industry to reduce tax on EV batteries from 18% to 5%. Consequently, there will be no reduction in the GST rate applied to electric vehicle batteries. According to the reports of CNBC-TV18, the industry has proposed to reduce the…

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