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GST Council Updates
Monday, July 23, 2018 IST
GST Council Updates

1. Quarterly Returns approved for taxpayers with turnover less than Rs 5cr ( tax payments to continue on monthly basis)

 
 

2. Sanitary Napkins exempted from GST going forward
 
3. No decision on 1% sugar cess
 
4. GST on bamboo flooring reduced to 12%
 
5. GST on hotels would now be on actual tariff & not declares tariff
 
6. Ethanol for Oil Marketing Companies now at 5% vs 18% earlier
 
7. 5% GST ceiling on footwear raised from Rs 500 to Rs 1000
 
8. GST on paints & varnishes, wall putty cut from 28% to 18%
 
9. GST on all leather items cut from 28% to 18%
 
10. GST on consumer electronics - TV (up to 27"), Washing Machine, Refrigerator, mixer, juicer, grinder cut from 28% to 18%
 
11. GST on special purpose vehicles, work truck, trailer cut from 28% to 18%

 
 

 
 
 
 
 

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  Thought of the Day

“Don't fear failure. Fear being in the exact same place next year as you are today.”
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Shibu Chandran
2 hours ago

Serving political interests in another person's illness is the lowest form of human value. A 70+ y old lady has cancer.

November 28, 2016 05:00 IST
Shibu Chandran
2 hours ago

Serving political interests in another person's illness is the lowest form of human value. A 70+ y old lady has cancer.

November 28, 2016 05:00 IST
S
Shibu Chandran
2 hours ago

Serving political interests in another person's illness is the lowest form of human value. A 70+ y old lady has cancer.

November 28, 2016 05:00 IST
Shibu Chandran
2 hours ago

Serving political interests in another person's illness is the lowest form of human value. A 70+ y old lady has cancer.

November 28, 2016 05:00 IST


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