Explainer: All you need to know about the GST on EVs
During the 55th GST Council meeting press conference on Saturday, the panel approved an increase in the GST rate on used EVs sold by businesses to 18 per cent from 12 per cent earlier.
Industry leaders in the state praised the Union Budget, presented yesterday by fiancé minister Nirmala Sitharaman.
Mamta Binani, president of MSME Development Forum, West Bengal has applauded the government’s proactive measures for inclusive growth and economic resilience. She said, “The emphasis on increasing minimum support prices for farmers, extending welfare schemes like PM Garib Kalyan Anna Yojana, and launching significant youth employment schemes with a Rs 2 lakh crore allocation over five years demonstrates proactive steps to stimulate economic activity.”
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Shyam Steel Industries director Lalit Beriwala has also praised the Union Budget. He said, “True to the tradition of growth-driven and inclusive budgeting, this Budget stands out for its focus on four key areas: annadata (farmers), garib (poor), yuva (youth) and mahilayen (women).”
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