GST rate on all Electric Vehicles reduced
- GST rate on all Electric Vehicles reduced from 12% to 5% and of charger or charging stations for EVs from 18% to 5%
- The hiring of electric buses by local authorities exempted from GST
- Changes in GST rates shall be effective from 1st August 2019
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 Council has recommended the following:
1.GST rate related changes in the supply of goods and services:
- The GST rate on all-electric vehicles is reduced from 12% to 5%.
- The GST rate on charger or charging stations for Electric vehicles is reduced from 18% to 5%.
- The 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.
The 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. 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.
(Note: The recommendations of the GST Council have been presented in this release in simple language for information of all stakeholders. The same would be given effect through relevant Circulars/Notifications which alone shall have the force of law.)