Last updated on April 14th, 2021 at 05:13 pm
36th GST Council Meeting Updates
36th GST Council Meeting was held on 27th July 2019. It was postponed from its scheduled date of 25th July 2019 due to the busy schedule of the Finance Minister Nirmala Sitharaman. It was the second GST Council Meeting after she assumed the Office as Finance Minister. A few of the decisions which are taken in today’s meeting were hinted in the Union Budget 2019. Two GST Council meeting back to back in less than 40 days. The last GST Council Meeting i.e. 35th Meeting which was held on 21st June 2019. GST Council comprises of Union Finance Ministers and State Finance Ministers which is the federal decision-making body for the matters of GST.
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| Meeting | 36th GST Council Meeting |
| Date | Thursday, 27th July 2019 |
| Chairperson | Finance Minister Nirmala Sitharaman Via Video Conferencing |
| Venue | Vigyan Bhawan, New Delhi |
| Attendees | Finance Ministers of all the states |
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Major outcomes from 36th GST Council Meeting held are (Click here to see the press release for the same)
⊗ Electric Vehicle & Chargers
GST rates for electric vehicle will be reduced from 12% to 5% with effect from 1st August 2019.
GST rates for on chargers or charging stations will be reduced from 18% to 5% with effect from 1st August 2019.
The hiring of Electric Buses by local authorities will be exempted from GST. The carrying capacity of buses should be more than 12 passengers.
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| HSN code | Description of goods | Current GST Rate (%) | Reduced GST Rate (w.e.f-01.08.19 ) |
| 87 | Electrically operated vehicles, including two and three-wheeled electric motor vehicles |
12% |
5% |
| 85044030 | Charger for Electric Vehicle | 18% | 5% |
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Deductions in respect of loan taken for purchasing an electric vehicle under income tax act.
⊗ Due date for FORM CMP 08 Extended till 31st Aug 19
The due date for FORM CMP 08 has been extended by one month. Due date has been extended till 31st August 19, as the Form was not available on the GSTN portal for the taxpayers till 27th July 2019. The form is now available for payment.
⊗ Last date for FORM CMP 02 Extended till 30th Sep 19
A registered service provider who wants to shift from a regular scheme to the composition scheme of GST had to file an intimation for change in registration in FORM GST CMP-02. The due date to file this has been extended from 31st July 19 to 30th Sep 19. (Click here to read the detailed procedure).
Note: Notification/Circular for the same is awaited and the same shall be effective only after that.
You may also like:
- Composition scheme for service providers
- GSTR 9A Annual Return for taxpayers registered under composition levy
- Procedure to opt for composition levy by a service provider
- Download the official CGST Notification 34/2019 dated 18th July 2019
- Download the official CGST(R) Notification 2/2019 dated 7th March 2019
- Download the official CGST(R) Notification 9/2019 dated 19th March 2019
- Is it mandatory to furnish inward details in GSTR 4?
- Good News for Composition Taxable Persons
She can be contacted at info.financepost@gmail.com
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