In the given case, a company called M/s. Versatile Auto Components Private Limited had
some questions about the GST (Goods and Services Tax) rules in India. They wanted to know
how their products, which are related to electric vehicles, would be taxed.
The authorities clarified that the GST rules are the same for both the Central GST Act and the
Telangana GST Act, except for some minor differences. They also explained that the term “GST
Act” refers to both.
The company asked questions about the HSN (Harmonized System of Nomenclature) codes
for their electric vehicle products and how they would be taxed. They wanted to know if they
should pay 12% GST or 5% GST.
During a personal hearing, the company’s representatives reiterated their questions, and they
clarified that their case was not pending or decided under any other tax provisions.
The authorities looked at the relevant laws and clarified that electric vehicles, including threewheelers, fall under the 5% GST category. However, they mentioned that spare parts for
electric vehicles are not specifically listed and should be categorized under a general
category for unlisted goods.
| SW Point of View: M/s. Versatile Auto Components Private Limited sought clarification on their electric vehicle products’ GST rates and HSN codes. Authorities clarified that electric vehicles fall under the 5% GST category, while spare parts for such vehicles are categorized under a general unlisted goods category. The clarification ensures proper taxation for electric vehicle components. |
Source: 2023 (9) TMI 852 – AUTHORITY FOR ADVANCE RULING, TELANGANA
