Tuesday, June 25, 2019

GST Council decisions on rate changes on supply of good and services - GST NEWS

GST Council decisions on rate changes on supply of good and services - GST NEWS

https://latestgstnews.blogspot.com/

Posted On: 21 JUN 2019 7:52PM by PIB Delhi

The 35th GST Council Meeting was held here today under the chairmanship of Union Finance
&Corporate Affairs Minister Smt. Nirmala Sitharaman. This was the first meeting of the Council after the swearing in of the new Government. The meeting was also attended by Union Minister of State for Finance &Corporate Affairs Shri Anurag Thakur besides Revenue Secretary Shri Ajay Bhushan Pandey and other senior officials of the Ministry of Finance. The Council has recommended
following GST rate related changes on supply of goods and services.

Electric Vehicles


On issues relating to GST concessions on electric vehicle, charger and hiring of electric vehicle, the
Council recommended that the issue be examined in detail by the Fitment Committee and brought
before the Council in the next meeting.

Solar Power Generating Systems and Wind Turbines


In terms of order of the Hon’ble High Court of Delhi, GST Council directed that the issue related to
valuation of goods and services in a solar power generating system and wind turbine be placed
before next Fitment Committee. The recommendations of the Fitment Committee would be placed
before the next GST Council meeting.

Lottery


Group of Ministers (GoM) on Lottery submitted report to the Council. After deliberations on the
various issues on rate of lottery, the Council recommended that certain issues relating to taxation
(rates and destination principle) would require legal opinion of Learned Attorney General.
                                                                         ****

DSM/RM/KMN

(Release ID: 1575286)

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