New Delhi: GST Council Meet headed by Union Finance Minister Nirmala Sitharaman is underway through video conferencing at Ministry of Finance. Minister of State (Finance) Anurag Thakur is also present.
The 36th GST Council meeting has only one item in the agenda, which is to consider the Centre's proposal to slash GST rates to 5 per cent from 12 per cent on e-vehicles.
The meeting is also likely to decide the valuation of goods and services in solar power generating systems and wind turbine projects for the purposes of levying GST.
The 36th meeting of the Council, which will happen through video conferencing, is also likely to decide the valuation of goods and services in solar power generating systems and wind turbine projects for the purposes of levying GST.
GST rate for petrol, diesel cars and hybrid vehicles are already at the highest bracket of 28 per cent plus cess.
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Further, the Council may also look at taxation of lotteries. In the previous meeting, the Council had decided to seek the legal opinion of the Attorney General for levying GST.
Currently, a state-organised lottery attracts 12 per cent GST, while a state-authorised lottery attracts 28 per cent tax.
The Council, which is chaired by Union Finance Minister and has state finance ministers as members, in its meeting last month, had referred the issue relating to Goods and Services Tax (GST) concessions on electric vehicle, electric chargers and hiring of electric vehicles, to an officers committee.
