Gst council meet- few takeaways

Few takeaways from the GST Council meet:-

• Business with annual turnover upto Rs. 20 lakh would be out of GST net. For the north eastern and hill states this limit would be Rs.10 lakh.
• States to have sole jurisdiction over current VAT assessees having a turnover of 1.5 crore or less. 

          The administrative control of businesses with turnover above this limit would be jointly with the central and state          governements. 

• Current service tax assesses will continue to be under the jurisdiction of the Centre.