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18th GST Council Meeting held on 30th june, 2017 at Vigyan Bhavan,New Delhi (Highlights)

Writer's picture: STEPWAY SOLUTIONSSTEPWAY SOLUTIONS

The 18th meeting held on 30th June 2017, just a day before the GST roll out. The GST rate on fertilizers was reduced from pre-decided 12% to 5% and the tax rate on exclusive parts of tractors was reduced to 18% from 28%.

The nineteenth meeting took place on 17th July 2017, the first meeting to be held after GST implementation and the council decided to raise the cess on cigarettes to 31% in a certain category.

The twentieth meeting of GST Council took place on 5th August 2017. The meeting headed by the finance minister decided to kick start Anti profiteering mechanism, the final draft of E way bill presentation, job work decided to tax under 5% GST rate, government given work contract taxed at 12 % GST rate and GST rates for certain services were revised.


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Blog source : GST Council official.




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