New Delhi: The Goods and Services Tax (GST) Council on Saturday recommended a reduction in GST rate on all electric vehicles from 12 per cent to 5 per cent.
It also recommended a reduction in The GST rate on charger or charging stations for Electric vehicles be reduced from 18% to 5%. The Hiring of electric buses (of carrying capacity of more than 12 passengers) by local authorities should be exempted from GST, the council said.
These changes will be effective from August 1, according to an official statement.
The 36th GST Council Meeting was held 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.
India is making a bug push for electric vehicles to control pollution and take a lead in the emerging industry. The government wants to have only electric three-wheelers operating in the country by 2023 and only electric two-wheelers by 2025.
The council said that the last date for filing of intimation in Form GST CMP-O2 for availing the option of tax payment has been extended from July 31 to September 30.
Also, 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.
