Like our Facebook Page

news details

GST rate on electric vehicles cut from 12 to 5 pc from Aug 1 7/27/2019 2:48:26 PM 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 GST rate for charger or charging stations from 18 per cent to 5 per cent. The hiring of electric buses with a seating 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. India is making a big 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 meeting was presided over by GST Council Chairperson and Finance Minister Nirmala Sitharaman. In other decisions, the council said the last date for filing of intimation in Form GST CMP-02 for availing the option of tax payment has been extended from July 31 to September 30. Besides, the last date for furnishing statement containing details of self-assessed tax in form GST CMP-08 for April to June quarter by taxpayers under composition scheme has been extended by a month to August 31.   Share This News with Your Friends on Social Network     Comment on this Story

top stories of the day

Patnitop: PDA allows illegal constructions in no construction zone Kavinder Gupta blamed for damage due to rains Shocker! Omar Abdullah praises Zakir Moosa, Burhan Wani Deptt of A&M fails to bring this historical place on tourism map Now Dy Mayor glorifies violation of traffic norms, road safety Receives money, shuttles teachers to schools located close to Srinagar Can't rely on politicians who have done nothing: Munish to people Will distribute my salary among needy' CJM take cognizance of Sarpanch's complaint against DC Students affected due to negligence of School teacher J&K turns main meat consuming region in India Two CDPOs in ICDS Mandi spoil the broth Nai Basti residents crave for drains BJP, Cong MLAs failed to deliver in Guru Nanak Nagar's Sec 12 Former legislators neglect Rahim Nagar locality

STOCK UPDATE