ARTICLE
21 January 2020

Key Highlights Of 36th GST Council Meeting

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Nangia & Co

Contributor

Nangia & Co
The GST Council in its 36th Council Meeting held on 27 July 2019 via video conferencing has made following recommendations:
India Tax
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The GST Council in its 36th Council Meeting held on 27 July 2019 via video conferencing has made following recommendations:

Reduction in GST Rate on electric vehicles:

  • GST rate on all electric vehicles be reduced from 12% to 5%.
  • 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 1 August, 2019.

Last date extended for furnishing following GST forms:

Form No. Particulars Extended Date
GST CMP-02 Filing of intimation for availing the option of payment of tax under notification No. 2/2019-Central Tax (Rate) dated 7 March 2019 (by exclusive supplier of services). Extended from 31 July 2019 to 30 September 2019
GST CMP-08 Furnishing details of the self-assessed tax for the quarter April 2019 to June 2019 (by taxpayers under composition scheme) Extended from 31 July 2019 to 31 August 2019

The recommendations of the GST Council would be given effect through relevant Circulars/Notifications which alone shall have the force of law)

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

ARTICLE
21 January 2020

Key Highlights Of 36th GST Council Meeting

India Tax

Contributor

Nangia & Co
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