HIGHLIGHTS OF 36th GST COUNCIL MEETING :
The 36th GST Council Meeting was held here today Via Video- Conference under the chairmanship of Union Finance & Corporate Affairs Minister *Smt. Nirmala Sitharaman*. The meeting was also attended by Union Minister of State for Finance & Corporate Affairs Shri Anurag Thakur besides Revenue Secretary Shri Ajay Bhushan Pandey and other senior officials of the Ministry of Finance.
The Following Recommendations have been given by the GST Council :
A). GST RATE RELATED CHANGES ON SUPPLY OF GOODS AND SERVICES :
1). The GST rate on all electric vehicles be reduced from 12% to 5%.
2). The GST rate on charger or charging stations for Electric vehicles be reduced from 18% to 5%.
3). 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.
B). CHANGES IN GST LAW :
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 March 7, 2019 (by exclusive supplier of services), to be extended from July 31, 2019 to September 30, 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), to be extended from July 31, 2019 to August 31, 2019.
Official Notifications awaited.
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