36th GST Council Meeting Update
Key
Highlights:
1.
GST rate on all Electric Vehicles reduced
from 12% to 5% and of charger or charging stations for EVs from 18% to 5%.
2.
Hiring of electric buses by local authorities
exempted from GST
3.
Changes in GST rates shall be effective from
1st August, 2019
The
GST Council has recommended the following:
I.
GST rate
related changes on supply of goods and services
·
The GST rate on all electric vehicles be
reduced from 12% to 5%.
·
The GST rate on charger or charging stations
for Electric vehicles be reduced from 18% to 5%.
·
Hiring of electric buses (of carrying
capacity of more than 12 passengers) by local authorities be exempted from GST.
·
These changes shall become effective from 1st
August, 2019.
II.
Changes in
GST law:
a) Last date
for filing of intimation, in FORM GST CMP-02, for availing the option of
payment of tax under notification No. 2/2019-Central Tax (Rate) dated 07.03.2019
(by exclusive supplier of services), to be extended from 31.07.2019 to
30.09.2019.
b) The last
date for furnishing statement containing the details of the self-assessed tax
in FORM GST CMP-08 for the quarter April, 2019 to June, 2019 (by taxpayers
under composition scheme), to be extended from 31.07.2019 to 31.08.2019.
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