GST Council meet postponed to July 26

Categories: GST Recent News, News
No Comments

The GST Council which was set to meet on July 25th via a video conference to finish the unfinished agenda of the last council meeting, has been postponed to July 26. The council is likely to discuss the proposal to cut GST rates on electric vehicles from the current 12 percent to 5 percent and discuss the proposal to cut GST rates on charges for electric vehicles (EVs) from 18 percent to 12 percent.

Some states express reservations on rate reduction in the Fitment Committee. Some states express reservations w.r.t. to existing large scale investment in petrol, diesel cars and vehicles. States also express concerns against the proposal citing existing slowdown in vehicle sales.

Read More at: https://www.cnbctv18.com/videos/economy/what-to-expect-from-gst-council-meet-on-july-25-4034091.htm