-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