03/01/2023 07:33 PM | Click to read full article
Industry body Society of Manufacturers of Electric Vehicles (SMEV) implored the government not to cast any policy around electric vehicles in stone. Instead, it asks them to take a more dynamic view of the on-ground conditions, and then create policy, in a note to regulators. Currently, spare parts for EVs attract a 28% tax, while the electric vehicle itself is only taxed at 5%. A uniform 5% GST on all EV spare parts would therefore be helpful.