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GST Update - GST Station

GST Update

GST Update

    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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