Originally electric vehicles (EV) and their key accessories such as EV chargers and EV charging stations featured a GST rate of 18%. But, the 36th GST Council meeting held on the 27th July 2019 reduced the GST rate on electric vehicles to 5%. The same 5% GST rate is also applicable to EV chargers and charging stations as announced at the same meeting. This reduced rate is effective from 1st August 2019 onward. It is important to note that this 5% GST rate will be applicable to all EV irrespective of whether they are for private use or commercial use.
How to File Your Federal Income Tax Return? Introduction Filing a federal income tax return is a mandatory compliance…
The Real Cost of Bookkeeping Services in the USA Introduction At Ebizfiling, one question comes up again and again from…
Understand the Differences Between Business Licenses and LLCs Introduction To start with, many new business owners assume that registering an…
Compliance Calendar in the Month of February 2026 Introduction February 2026 includes several routine compliance deadlines under GST, PF, ESI,…
US Bookkeeping Essentials for International Entrepreneurs Introduction Starting a business in the United States as an international entrepreneur often begins…
Stripe vs Square vs PayPal: Payment Platform Differences That Matter in 2026 Introduction Businesses in 2026 operate very differently from…
Leave a Comment