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GST Council reduces tax rate for electric vehicles from 12 to 5 per cent

The council also slashed the Goods and Services Tax on EV chargers from 18 per cent to 5 per cent. 

The 36th meeting of the council was chaired by Union Finance Minister Nirmala Sitharaman via video conferencing. 

Minister of State for Finance Anurag Thakur was also present during the meeting. 

The council also approved GST exemption for hiring of electric buses by local authorities.

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