35th GST Council meeting: No decision on electric vehicles; E-tickets made compulsory in Cinema halls
The 35th GST Council meeting was held in New Delhi under the Union Finance Minister, Nirmala Sitharaman. Though the Council deliberated on the reduction of the tax slab on electric vehicles to 5 percent from 12 percent, it could not reach to a conclusion.
The 35th GST Council meeting was held today, i.e. June 21, 2019 in New Delhi. It was the first GST Council meeting under the Union Finance Minister Nirmala Sitharaman, who talked about simplification of GST Rules and bringing more items under the ambit of GST rate in her opening remarks.
Though the Council deliberated on the reduction of the tax slab on electric vehicles to 5 percent from 12 percent, it could not reach on the conclusion. This matter of GST rate cuts for the electric vehicles was sent to the Fitment Committee for further consideration.
Other topics that were discussed during the GST Council meeting were tax evasion issue, electronic invoices system, revenue position of states, new GST return filing system, extension of the tenure of the National Anti-profiteering Authority, and others. The Council also deliberated upon setting up an Appellate Tribunal for the North-Eastern States and another Tribunal one for all Union Territories (UTs).
Here are some of the key decisions taken during 35th GST Council meeting:
• E-ticketing made compulsory for multiplexes
• Roll out of new single GST return form for all by January 2020
• Tenure of National Anti-profiteering Authority (NAA) extended for 2 years
• Penalty Provisions of NAA made more stringent
• Use of Aadhaar approved for registration to Goods and Services Tax Network (GSTN)
• GST e-way bill system to have NHAI’s FASTag mechanism for tracking movement of goods