- Proposal and Industry Demand:
- The government recognizes the auto industry’s request to reduce GST on electric vehicle (EV) batteries and charging services from 18% to 5%. The final decision will be made by the GST Council.
- Government and Industry Support:
- Both the Prime Minister’s Office Advisor and Heavy Industries Minister H.D. Kumaraswamy support the industry’s demand, highlighting the importance of competitive taxation for the viability and growth of the EV sector.
- Infrastructure and Subsidies:
- The Ministry of Heavy Industries plans to finalize guidelines for subsidies to state governments for setting up EV charging stations, with a ₹2,000 crore scheme to develop extensive charging infrastructure, including fast chargers for various EV types.
Source A2ztaxcorp
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