Rate Cut on EVs to fitment panel : GST Council extends anti-profiteering body's tenure

New Delhi: The GST Council on Friday extended the tenure of the anti-profiteering authority by two years till Nov 2021 and allowed use of Aadhaar as proof for obtaining GST registration while referring tax cut on electric vehicles and their chargers to an officers' committee.

The Council's meeting, chaired by Finance Minister Nirmala Sitharaman, also approved imposing a penalty of up to 10 per cent of the profiteered amount on entities for not passing on benefits of GST rate cuts to consumers, as against the current norm of levying a maximum fine of Rs 25k.

Also, it extended the date for the filing of annual GST returns for FY18 fiscal by two months till Aug 30, 2019.

Also the date for barring non-filers of GST returns for two consecutive months from generating e-way bills for transporting goods has been extended by two months till Aug 21.