17th #GST Council Meeting held today ( 18.06.2017). Some Updates :
►1st two months of GST, tax would be payable on a simple return.
►28% limit in hotels will start from Rs. 7,500. Between Rs 2,500- Rs 7,500 rate will be 18%.
►State run lotteries will be taxed at 12% & state authorised lotteries at 28%:
►GST network to take 4-5 months to prepare E-way Bill. Till then alternative or transient rule will prevail.
►Govt will roll out GST on July 1, next meeting of GST Council on June 30th, 2017.
►The official launch of the GST will take place on the midnight of 30th and 1st at a function in Delhi.
►No late fees & penalties will be levied for interim period.
►GST anti-profiteering body will be set up in July for 2 years.
►1st two months of GST, tax would be payable on a simple return.
►28% limit in hotels will start from Rs. 7,500. Between Rs 2,500- Rs 7,500 rate will be 18%.
►State run lotteries will be taxed at 12% & state authorised lotteries at 28%:
►GST network to take 4-5 months to prepare E-way Bill. Till then alternative or transient rule will prevail.
►Govt will roll out GST on July 1, next meeting of GST Council on June 30th, 2017.
►The official launch of the GST will take place on the midnight of 30th and 1st at a function in Delhi.
►No late fees & penalties will be levied for interim period.
►GST anti-profiteering body will be set up in July for 2 years.
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