Upcoming GST Initiatives - 36th GST Council Meeting (25th July 2019)

GST Council to decide on tax cut on E-Vehicles this week 

The Centre proposed to the Council to slash GST rates to 5% from 12% to push domestic manufacturing of E-Vehicles.

The GST Council will meet on July 25 and decide on lowering tax rates for electric vehicles, officials said. The 36th meeting of the Council, which will happen through video conferencing, is also likely to decide the valuation of goods and services in solar power generating systems and wind turbine projects for the purposes of levying GST.

GST rate for petrol and diesel cars and hybrid vehicles is already at the highest bracket of 28 % plus cess.

The Council will also consider tax structure for solar power projects.

The government had earlier this year said that for the purpose of taxing solar power projects, 70 % of contract value would be treated as goods -- taxable at 5 %, and balance 30 % as services -- taxable at 18 per cent.

The government had earlier this year said that for the purpose of taxing solar power projects, 70 % of contract value would be treated as goods -- taxable at 5 %, and balance 30 % as services -- taxable at 18 %.

Source / Links:

https://economictimes.indiatimes.com/news/economy/policy/gst-council-to-decide-on-tax-cut-on-evs-this-week/articleshow/70317082.cms