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.
In order to revive and reverse the current economic slowdown Finance Minister Nirmala Sitharaman is scheduled to announce further relief measures for the economy on Saturday.
The Finance Minister has been meeting industry captains and economists across the nation to take a closer look at the economic situation.
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Sitharaman is scheduled to announce further relief measures for the economy on Saturday to reverse the current economic slowdown. Though the agenda of her conference is not detailed, sources said that the focus of the announcements could be on measures to boost the realty and export sectors.
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Earlier, she had announced the merger of 10 public sector banks into four and withdrew higher surcharge on FPIs and domestic investors.
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