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The council also clarified that all categories of electric vehicles, whether mass-market or luxury, will continue to attract a GST rate of 5%, with no additional cess
The retention comes as a major respite after reports suggested that the GST council was considering bringing premium EVs under higher tax slabs
As per Inc42 data, the Indian EV market is projected to become a $132 Bn opportunity by 2030
In a major relief for electric vehicle (EV) manufacturers and buyers,…
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The council also clarified that all categories of electric vehicles, whether mass-market or luxury, will continue to attract a GST rate of 5%, with no additional cess
The retention comes as a major respite after reports suggested that the GST council was considering bringing premium EVs under higher tax slabs
As per Inc42 data, the Indian EV market is projected to become a $132 Bn opportunity by 2030
In a major relief for electric vehicle (EV) manufacturers and buyers,…
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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