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Tax boost for EVs, GST slashed to 5% from 12%

Agencies
July 27, 2019

Jul 27: In a landmark move by the government, the GST Council has brought down the GST rateon electric vehicles (EVs) to 5 per cent from 12 per cent. The move has come as a shot in the arm for the auto industry which has been pushing for a tax boost to promote the sale of EVs.

The Society of Manufacturers of Electric Vehicles (SMEV) has welcomed the move to slash the GST.

The move comes at a time when the government is already in the process of making EVs affordable. In another move which could significantly alter consumer behaviour in favour of EVs, the govt is likely to hike the registration charges on petrol/diesel vehicles.

Four takeaways from the GST Council meeting are:

*The GST Council slashed the tax on EVs to 5 per cent from 12 per cent.

*The Council also slashed the GST on EV Chargers from 18% to 5%.

*The new rates will be effective from 1st August 2019.

*GST Council also approved exemption from GST on hiring of Electric Buses by local authorities.

The move is seen as a much needed step to encourage the adoption of EVs by people. The EV manufacturers had been asking for a cut in the GST rate on electric vehicles as higher cost of acquisition and inadequate infrastructure deterred people from looking at EVs.

The government is aggressively pushing the adoption of EVs. In her maiden Budget, Nirmala Sitharaman had proposed an income tax deduction of Rs 1.5 lakhs on interest paid on loans taken for EVs.

The government think tank Niti Aayog has planned transition to e-mobility for two-wheelers less than 150 cc by 2025 and three-wheelers by 2023.

The meeting, chaired by Finance Minister Nirmala Sitharaman, was held via video conferencing.

The GST Council also took certain decisions regarding changes in GST law.

The last date for filing of intimation, in Form GST CMP-02, for availing the option of payment of tax (by exclusive supplier of services) has been extended from July 31 to September 30, the statement added.

Further, the last date for furnishing statement containing the details of the self-assessed tax in Form GST CMP-08 for the June quarter (by taxpayers under composition scheme) has been extended to August 31. The earlier deadline was July 31.

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News Network
February 9,2020

Kochi, Feb 9: P Parameswaran, one of the senior-most "pracharaks" of the Rashtriya Swayamsevak Sangh (RSS) and former leader of the erstwhile Bharatiya Jana Sangh, died at 91 in the early hours today, Sangh Parivar sources said.

The founder director of the Bharatheeya Vichara Kendram died at 12.10 am while undergoing Ayurvedic treatment at Ottappalam in Kerala's Palakkad district, according to sources.

P Parameswaran, who had worked with leaders like Deendayal Upadhyaya, Atal Bihari Vajpayee and LK Advani during the Jana Sangh days, was honoured with Padma Vibhushan, the country's second highest civilian award in 2018 and Padma Shri in 2004.

Fondly called as Parameswar ji by Sangh Parivar and Bharatiya Janata Party leaders, he was a prolific writer, poet, researcher and a widely-respected RSS ideologue. He was the Bharatiya Jana Sangh's secretary (1967-1971) and vice0president (1971-1977), as well as the director of the Deendayal Research Institute (1977-1982) in New Delhi.

Born in 1927 in Muhamma, Alappuzha district, he joined the RSS during his student days.

His body will be brought to the RSS headquarters in Kochi this morning for people to pay their last respects. The cremation will be held in Muhamma in the evening, sources said.

During the days of Emergency between 1975-77, he courted arrest as part of the all India Satyagraha against it and was jailed for 16 months.

Bharatheeya Vichara Kendram was established by P Parameswaran in 1982 "to promote nationalist thoughts among Keralites".

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News Network
May 28,2020

New Delhi, May 28: BJP national spokesperson Sambit Patra has been admitted to a private hospital in Gurgaon after he showed symptoms of COVID-19, sources said.

He is admitted to the Medanta hospital in Gurgaon, hospital sources said on Thursday.

The BJP leader has shown symptoms of COVID-19, a source said.

Patra is one of the most visible BJP faces on news channels.

He is also very active on social media and posted several tweets on Thursday as well.

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Agencies
February 10,2020

New Delhi, Feb 10: After an hour-long standoff between the security forces and the students on Monday, the police resorted to a lathi-charge on the protesters near Holy Family hospital which is within walking distance of Jamia Millia Islamia.

A scuffle ensued when police confronted the protesters who tried to push forward towards Parliament. The lathi-charge was made to push back the protesters.

In the melee that ensued, many from both sides fainted.

Some security forces personnel resorted to the lathi-charge while others pushed back the protesters when they threw water pouches at the security forces and abused them.

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