GST DIWALI GIFT BY MODI SARKAAR | GST Council Meeting - Latest Rules | Arun Jaitely |

GST Council Meeting - Latest Rules | Arun Jaitely | GST DIWALI GIFT BY MODI SARKAAR
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बड़ा दिवाली गिफ्ट !
GST DIWALI GIFT BY MODI SARKAAR
GST NEW DECISIONS
GST council meeting - major decisions taken today :
1. TAX on Clothes reduced to 5% from 12%.....a massive relief to Clothing industry.
2. 60 items tax reduced to 5% from 12%....a massive relief to Traders and Consumers both.
3. Restaurant Tax reduced to 12% from 18% GST....a big relief to consumers.
4. Return to be filed once in quarter not monthly basis......a massive relief to Businessmen
5. Turnover for composition scheme raised from ₹75 Lakhs to₹ 1 crores....a huge relief for traders.
6. E-way bill provisions deferred till April 2018.....a breather for traders
7. Reverse charge to be abolished till 31.03.2018....another breather for traders.
4. Quarterly returns for taxpayers with annual turnover less than ₹1.5 crores. Tax to be paid on monthly basis
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