New Delhi, Aug. 1 -- From Kerala flood cess to lower goods and services tax (GST) on electric vehicles (EVs) to price hike of Hyundai models. A number of changes will be effective from today, 1 August 2019. Apart from that, State Bank of India (SBI) has waived off Immediate Payment Service (IMPS) charges and reduced interest rates on fixed deposits across all tenors. All these changes are with effect from 1 August 2019.

GST on EVs slashed

Giving an impetus to electric vehicles (EVs), GST Council last month decided to reduce the tax rate on EVs to 5 % from the existing 12%. The new Goods and Services Tax (GST) rate on EVs will be effective from 1 August. Additionally, the tax rate on chargers or charging stations for EVs has been slashed f...