New Delhi: The Goods and Services Tax (GST) Council on Saturday decided to reduce tax rates on electric vehicles and chargers from August 1.
The 36th GST Council Meeting was held here via Video Conference under the chairmanship of Union Finance & Corporate Affairs Minister Nirmala Sitharaman.
The GST rate on all electric vehicles be reduced from 12% to 5%, while 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 will be exempted from GST.
These changes shall become effective from 1st August, 2019.
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), will be 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), will be extended from 31.07.2019 to 31.08.2019, an official statement said.