31st gst council meeting

488 views 3 replies

Dear friend,

What are the deceisions taken in 31st GST council meeting held today i.e. on 22nd Decenber?

Replies (3)
-GST Council decides to reduce tax rates from 28% to 18% on Monitor TV, Power Bank Battery, cranks & gear boxes, video camera & used tyres of rubber
-GST Council also exempts degree / diploma programmes of IIMs + supply of services by banks to saving accounts under PMJDY
-GST rate on cinema tickets reduced - 12% on ticket of less than Rs 100 & 18% on above Rs 100
-GST Council grants mega relief to taxpayers - ITC for last FY invoices allowed upto March 31, 2019 + New GST Return to be launched on trial basis from April 1, 2019 + amendment in Sec 50 to allow payment of interest on net cash liability
-GST Council gives nod for Composition Scheme for small service providers with 5% tax rate
-GST Council approves Single Interface for disbursal of refund + rationalisation of cash ledgers + extension of due dates for migration of taxpayers & GSTR-8 by e-commerce operators
-GST Council approves extension of due dates for GSTR-9 & 9C along with major clarification on HSN Code for inward supplies, non-GST supply and additional payment of tax only in cash
-GST Council approves proposal to deny generation of e-Way Bills if returns not filed for two consecutive tax periods + No ITC to be availed through GSTR-9 & 9C
The most important item i.e. Cement have not been reduced to 18% from 28%.

I need the notification link for the same as i cannot find it, can someone help me with it.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 10 July 2026
Article Assistant

N S Gokhale & Co

Thane

CA Inter

View Details
Company
ARTICLESHIP 08 July 2026
Article internship

AJAY SINGH AND CO LLP

Thane

CA Final

View Details
Company
ARTICLESHIP 30 June 2026
Taxation Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details
Company
Featured 16 July 2026
CA Inter, CA Intermediate, CA IPCC, CA CPT, CA SemiQualified

Vakilsearch.com

Chennai

CA Inter

View Details
Company
ARTICLESHIP 07 July 2026
Articleship

Jawahar and Associates Chartered Accountants

Hyderabad

CA Inter

View Details
Company
Featured 18 July 2026
CA Articleship

apricus india

Mumbai

CA Inter

View Details
Company
16 July 2026
CA Inter, CA Intermediate, CA IPCC, CA CPT , CA SemiQualifie

Vakilsearch.com

Chennai

CA Inter

View Details
Company
21 July 2026
Chartered Accountant

Keshri & Associates

Thiruvananthapuram

CA

View Details