BIG RELAXATION FOR ELECTRIC VEHICLE DEALERS AND COMPOSITION DEALERS



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A   GST rate change on supply of goods and services 

i)  GST rate on electric vehicle reduced  from 12 % to 5%.
ii) GST rate on charger and charging station for electric vehicle reduced from 18% to 5%.
iii) Hiring of electric buses (carrying capacity more than 12 passengers) by local authority be exempt from GST.
 

These changes shall become effective from 1st August , 2019


B   Last Date extended for taxpayers under composition scheme


i) Supplier of service  who wants to obtain 6 % composition scheme (3% SGST and 3% CGST) now can file intimation in FORM GST CMP – 02 to 30th September  2019 


This date is extended from 31.07.2019 to 30.09.2019


ii) Now composition dealer is required to file statement containing the details of  self -assessed tax in FORM GST CMP -08 for the quarter April 2019 to June 2019. Last date is extended to 31st August 2019.

This date is extended from 31.07.2019 to 31.08.2019



Author 
CA Pooja Shukla FCA
RYPS & ASSOCIATES LLP
Website:www.ryps.in
Contact No: 9810505547

Location: Delhi, India

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