SME Times News Bureau | 27 Jul, 2019
The 36th GST Council Meeting held in New Delhi
on Saturday cut the GST rate on electric vehicles from 12 percent to 5 percent.
The meeting was held via video conference under the
chairmanship of Union Finance & Corporate Affairs Minister Nirmala
Sitharaman.
The meeting was also attended by Union Minister of State
for Finance & Corporate Affairs Anurag Thakur besides Revenue Secretary Ajay
Bhushan Pandey and other senior officials of the Ministry of Finance.
The Council has recommended that the GST rate reduction
on all electric vehicles 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.
The last ast 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), was extended from 31.07.2019 to 30.09.2019.
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), was extended from 31.07.2019 to 31.08.2019.
