GST on electric vehicles may be reduced to 5%

NEW DELHI: India may cut the goods and services tax ( GST ) on  electric vehicles to 5% from 12% to provide a stimulus to the sector that’s a high priority for the  Narendra Modi government . The  GST Council is set to take up the proposal at its June 20 meeting, said a senior government official aware of the development. “There is a proposal to cut tax rates on EVs among other issu…