GST Council Reduces Tax on Electric Cars and EV Chargers from 12% to 5%

GST Council Reduces Tax on Electric Cars and EV Chargers from 12% to 5%
GST Council Reduces Tax on Electric Cars and EV Chargers from 12% to 5%

GST Council Reduces Tax on Electric Cars and EV Chargers from 12% to 5%

The 36th GST Council Meeting was held in New Delhi, 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 Anurag Thakur besides Revenue Secretary Ajay Bhushan Pandey and other senior officials of the Ministry of Finance.

The Council has recommended the following:

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

  • The GST rate on all electric vehicles be reduced from 12% to 5%.
  • 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 be exempted from GST.
  • These changes shall become effective from 1st August, 2019.

The GST Council also took certain decisions regarding changes in GST law

The last date for filing of intimation, in Form GST CMP-02, for availing the option of payment of tax (by exclusive supplier of services) has been extended from July 31 to September 30.

The last date for furnishing statement containing the details of the self-assessed tax in Form GST CMP-08 for the June quarter (by taxpayers under composition scheme) has been extended to August 31. The earlier deadline was July 31.

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