{"id":2658,"date":"2019-06-22T06:01:06","date_gmt":"2019-06-22T06:01:06","guid":{"rendered":"https:\/\/www.gkseries.com\/blog\/?p=2658"},"modified":"2019-07-12T11:40:10","modified_gmt":"2019-07-12T11:40:10","slug":"council-may-consider-gst-cut-on-evs","status":"publish","type":"post","link":"https:\/\/www.gkseries.com\/blog\/council-may-consider-gst-cut-on-evs\/","title":{"rendered":"Council may consider GST cut on EVs"},"content":{"rendered":"\n<p>According to officials in the Finance Ministry.GST Council meeting where\nrate reductions for electric vehicles (EVs) and the extension of the term of\nthe National Anti-Profiteering Authority till November 2020,<br>\nTax experts the Council\u2019s real focus on addressing concerns regarding the new\nreturn filing system&nbsp;<br>\nThe start-up community is asking for the Council to further streamline the\ninput tax credit refund system<br>\nA large portion of their working capital is locked away.<br>\nSome of the items on the table are a possible rate reduction to 5% for electric\nvehicles (from the 12% currently) till November 2020.<br>\nThe official indicated could be a discussion on an electronic invoices system.<br>\nThe discussion must also focus on the annual return filing form which is due to\nbe filed on June 30.<br>\n<br>\n<strong>First Annual Return<\/strong><br>\nThis is the first annual return that tax-filers will be filing for GST<br>\nIt requires a lot of detailed information, things that were not asked either in\nGSTR-1 or GSTR-3B<br>\nThe start-up community previously highlighted to Finance Minister Nirmala\nSitharaman the problems faced by the sector with input tax credits being held\nup.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to officials in the Finance Ministry.GST Council meeting where rate reductions for electric vehicles (EVs) and the extension of the term of the National Anti-Profiteering Authority till November 2020, Tax experts the Council\u2019s real focus on addressing concerns regarding the new return filing system&nbsp; The start-up community is asking for the Council to further [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":2659,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[45],"tags":[106],"class_list":["post-2658","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-affairs-articles","tag-industry-current-affairs"],"_links":{"self":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/2658","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/comments?post=2658"}],"version-history":[{"count":1,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/2658\/revisions"}],"predecessor-version":[{"id":2660,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/2658\/revisions\/2660"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media\/2659"}],"wp:attachment":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media?parent=2658"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/categories?post=2658"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/tags?post=2658"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}