Recommendations of 36^th GST Council meeting

The 36th GST Council Meeting was held here today i.e. 27.07.2019, via Video Conference, key decisions of the same are:

A.   GST rate related changes on supply of goods and services

                 (i)      The GST rate on all electric vehicles be reduced from 12% to 5%.

                (ii)      The GST rate on charger or charging stations for Electric vehicles be reduced from 18% to 5%.

              (iii)      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^st August, 2019.)

B.   Changes in GST law:

                         (i)         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.

                      (ii)         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.