GST council meeting postponed; rescheduled for July 27

The 36th GST Council meeting, which was to be held on thrusday through video conferencing has been rescheduled for July 27. The meeting was to be held on 25.07.2019.

According to sources, the meeting has two items to consider. First item is to consider gst rates for electric vehicles, chargers and hiring of EVs. Initially the proposal was to cut the rate on electric vehicles to 5 per cent from 12 per cent and on chargers to 5 per cent from 18 per cent, and on hiring to 5 per cent from 18 per cent. The second item is to extend the last date for enrolling under alternate composition scheme for service providers. The last date as of now is July 31.

Decisions to be taken in 36th GST council meeting

GST rates on electronic vehicles

After several announcement for electronic vehicle(EV) sector including income tax exemption and reduction in custom duties for certain components, the government is now expected to push for a GST rate cut on EVs from 12% to 5%.

GST rates on lottery

The Council may also look at taxation of lotteries. In the previous meeting, the Council had decided to seek legal opinion of the Attorney General for levying GST. Currently, a state-organised lottery attracts 12% GST, while a state-authorised lottery attracts 28% tax .