Udayavni Special

GST Council to decide on tax cut on EVs this week


PTI, Jul 21, 2019, 5:22 PM IST

New Delhi: The GST Council, chaired by Finance Minister Nirmala Sitharaman, will meet on July 25 and decide on lowering tax rates for electric vehicles, officials said.

The 36th meeting of the Council, which will happen through video conferencing, is also likely to decide the valuation of goods and services in solar power generating systems and wind turbine projects for the purposes of levying GST.

The recommendations of the officers committee is likely to be placed before the Council on July 25, officials said.

To push domestic manufacturing of e-vehicles, the Centre proposed to the Council to slash GST rates to 5 per cent from 12 per cent.

GST rate for petrol and diesel cars and hybrid vehicles is already at the highest bracket of 28 per cent plus cess.

The Council will also consider tax structure for solar power projects.

The Delhi High Court had in May asked the GST council to take a relook at the taxation structure following industry petition.

The government had earlier this year said that for the purpose of taxing solar power projects, 70 per cent of contract value would be treated as goods — taxable at 5 per cent, and balance 30 per cent as services — taxable at 18 per cent.

The solar industry has been pitching for a different ratio for splitting goods and services for levying GST.

Further, 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 per cent GST, while a state-authorised lottery attracts 28 per cent tax.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Modi scalds Mamata, says instead of being ‘Didi’ to people she chose to be ‘bua’ to ‘bhatija’

Ready to take up any responsibility, says Metroman Sreedharan

Karnataka to vaccinate 1.5 lakh people daily from March 8

Karnataka: Kyasanur forest disease under control, says state health dept

Mansukh Hiren death: Maha ATS registers murder case against unidentified persons

PM praises M’luru Dr Padmanabh Kamath’s CAD initiative, thanks him for giving ‘Jan Aushadi – Jan Upyogi’ slogan

Coronavirus nearing ‘endemic’ phase in Delhi, says Health Minister Satyendar Jain




Related Articles More

Jungo TV bets big on India market, launches Jungo Plus app

Second part of Parliament’s Budget session to start from March 8

Toyota Kirloskar plans to take rural road to realise sales potential of Glanza, Urban Cruiser

FPIs turn net sellers; pull out Rs 5,156 cr in March so far

Govt open to evaluate, explore cryptocurrencies, says Anurag Thakur

MUST WATCH

Udayavani News Bulletin 7-3-21

Crime File Exclusive :ATM Skimming case

There is nothing with Siddaramaiah, except hypocrisy says DV Sadananda Gowda

Udayavani News Bulletin 6-3-2021

Opposition is conspiring against us: Bhyrathi Basavaraj

Latest Additions

Modi scalds Mamata, says instead of being ‘Didi’ to people she chose to be ‘bua’ to ‘bhatija’

Ready to take up any responsibility, says Metroman Sreedharan

Karnataka to vaccinate 1.5 lakh people daily from March 8

Karnataka: Kyasanur forest disease under control, says state health dept

Mansukh Hiren death: Maha ATS registers murder case against unidentified persons

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.