28th GST council meeting was scheduled for 21st of July, 2018 from 11:00 AM at Vigyan Bhavan, New Delhi by Union Min Minister of Railways, Coal, Finance and Corporate Affairs Minister Shri Piyush Goyal Ji.
Imported urea GST reduced to 5 per cent
E-books GST reduced to 5 per cent
Discussion based on the MSME sector and its hurdles in 29th GST council meeting
Penalty waived off for taxpayer registration and date extended till 31st August
GST rate for petrol and diesel Ethanol reduced to 5 per cent
Option for composition scheme for those having a 10 per cent share in annual turnover offered as services
Composition Scheme threshold limit increased (1 Crore to 1.5 Crore)
Regular taxpayer turnover limit increased up to 5 crores for quarterly filing and 5 crores for monthly filing
RCM provision nullified for 1 year
The GST registration threshold limit is increased up to 20 lacs (earlier it was 10 lacs) for northeastern states.
Textile industry to get refunds back from ITC paid
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Blog source : GST Council official
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