Versatile Auto Components (P.) Ltd. {AUTHORITY FOR ADVANCE RULINGS, TELANGANA}

Versatile Auto Components (P.) Ltd. {AUTHORITY FOR ADVANCE RULINGS, TELANGANA} :Date of Order : 02-09-2023GST Classification of Electric Vehicles and Spare PartsIn the context of GST (Goods and Services Tax), the classification of electric vehicles and their spare parts is crucial as it determines the applicable tax rates and compliance requirements. A recent ruling by the Authority for Advance Rulings (AAR) in Telangana provides clarity on these matters: Classification of Electric Vehicles: Heading No. 8703: The AAR clarified that electrically operated vehicles,...

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