Taxing EV charging

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VIVO v29 lite Specification: Amazing Detailed Review

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RGAVP

Taxing EV charging

RGAVP

The Goods and Services Tax (GST) Council has decided to reduce the GST rate on electric vehicles.

RGAVP

The GST Council has also decided to exempt the battery or the energy storage device that is sold along with the electric vehicle from the GST.

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RGAVP

However, the GST Council has not yet decided on the GST rate for the charging infrastructure.

RGAVP

There are two types of charging infrastructure – slow charging and fast charging.

RGAVP

Slow charging is done at a regular 220V socket and takes several hours to fully charge the battery.

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Fast charging is done at a high-power socket and can fully charge the battery in a few minutes.

RGAVP

The GST rate for slow charging is likely to be lower than the GST rate for fast charging.

RGAVP

The GST Council is expected to take a decision on the GST rate for charging infrastructure in its next meeting.

RGAVP

The GST rate for charging infrastructure will have a significant impact on the adoption of electric vehicles in India.

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VIVO v29 lite Specification: Amazing Detailed Review

VIVO v29 lite Specification: Amazing Detailed Review

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