Current Affairs

21st GST Council Meeting Hyderabad- Highlights

The 21st GST council meeting was held in Hyderabad on Saturday.
It was chaired by finance minister Arun Jaitley.

Highlights of the meeting

  • Artisans and folk artists with an annual turnover of up to Rs20 lakh are exempted from registration under GST.
  • The deadline for filing of sales return or GSTR-1 for the month of July has been extended by a month to 10 October.
  • No registration would be required for inter-state job works
  • The tax rate has been reduced to 12% from 18% on government work contract
  • Cess on mid-segment cars has been increased by 2 per cent, on large cars by 5 per cent and on SUVs by 7 per cent
  • The council has decided to appoint a Committee of Ministers which will continuously interact with GST Network to ensure smooth transformation.
21st GST Council Meeting Hyderabad- Highlights 21st GST Council Meeting Hyderabad- Highlights Reviewed by insiya yadav on September 11, 2017 Rating: 5

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