{"id":498041,"date":"2022-06-13T12:49:41","date_gmt":"2022-06-13T07:19:41","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=498041"},"modified":"2022-06-13T12:49:41","modified_gmt":"2022-06-13T07:19:41","slug":"government-may-slash-gst-on-ev-battery-to-5","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/government-may-slash-gst-on-ev-battery-to-5\/","title":{"rendered":"Government may slash GST on EV battery to 5 %"},"content":{"rendered":"<p>The GST Council meeting to be held later this month may cut the goods and services tax on lithium-ion batteries to 5 per cent from 18 per cent, bringing them on a par with electric vehicles.<\/p>\n<p>Analysts said India\u2019s EV ambitions may suffer a setback without the rationalisation of the  rates on lithium-ion batteries. The council last cut the rate to 18 pecent from 28 per cent in 2018.<\/p>\n<p>With a greater emphasis on the EV ecosystem and more automakers entering the fray, there is a renewed demand for a price parity between batteries and EVs.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The GST Council meeting to be held later this month may cut the goods and services tax on lithium-ion batteries to 5 per cent from 18 per cent, bringing them on a par with electric vehicles. Analysts said India\u2019s EV ambitions may suffer a setback without the rationalisation of the rates on lithium-ion batteries. The council last cut the rate to 18 pecent from 28 per cent in 2018. With a greater emphasis on the EV ecosystem and more automakers entering the fray, there is a renewed demand for a price parity between batteries and EVs.<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,245,148],"tags":[],"class_list":["post-498041","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-telegraph","category-the-telegraph"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/498041","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=498041"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/498041\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=498041"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=498041"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=498041"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}