GST On Electric Vehicles Slashed To 5%

The GST Council on Saturday decided to reduce the tax rate on electric vehicles (EVs) from 12% to 5%.

It also slashed the GST on EV chargers from 18 per cent to 5 per cent, an official statement said after the 36th meeting of the council. The meeting also approved GST exemption on hiring of electric buses by local authorities, NDTV reported.

The new rates will be effective from August 1, 2019.

GST Form Dates Extended

The council also said that the last date for the 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 day for furnishing statement containing details of the self-assessed tax in form GST CMP-8 for the June quarter has been extended by a month to August 31. GST CMP-02 and GST CMP-08 forms come under GST composition scheme.

The meeting was chaired by Union Finance Minister Nirmala Sitharaman and was held via video conferencing.