GST Rate on Electrically Operated Vehicle

GST Rate on supply of Electrically Operated Vehicle:

• What are Electrically Operated Vehicles?

Vehicles which are run solely on electrical energy derived from an external source or from one or more electrical batteries fitted to such road vehicles and shall include E- bicycles.

• GST Rates GST

Rates on supply of electronically operated vehicles (including two and three-wheeled electric vehicles) has been reduced from 12% to 5%. GST Rates on supply of Charger or electrical energy at charging station for Electrically operated vehicles has been reduced from 18% to 5%.

What are Electrically Operated Vehicles?

Vehicles as per Chapter 87 in First Schedule of Customs Tariff Act (which covers all vehicles other than railway or tramway rolling-stock and its parts) which are run solely on electrical energy derived from an external source or from one or more electrical batteries fitted to such road vehicle.

• GST Exemption

Services by way of giving on hire electrically operated vehicles meant to carry more than 12 passengers, to a Local Authority has been exempted from GST.