GST council meet: Small & medium traders to file quarterly, not monthly, returns
GST on unbranded ayurvedic medicines reduced from 12% to 5%: Jaitley
Members wanted to revisit tax structure of restaurants with more than Rs 1 cr turnover, will be reviewed: Jaitley
Man-made yarn was taxed at 18 %, it has been put in 12% slab, will have effect on textiles: FM Jaitley
E-way bill discussed, K'taka already having good experience with it, after 1 Jan it'll go to other states; will try to implement by 1Apr: FM pic.twitter.com/VOwrIl41hA— ANI (@ANI) October 6, 2017
Traders to pay 1%, manufacturers 2% & restaurants 5% under composition scheme: FM Jaitley
Finance minister Arun Jaitley says 90 per cent of assessees have turnovers of less than Rs 1.5 crore a year
Assessees with turnovers of less than Rs 1.5 crore a year have to file quarterly, and not monthly, returns
Finance minister Arun Jaitley exempts exporters from GST till March 31, 2018
Refund cheques for July exports, will be processed by 10 Oct & refund cheques for Aug exports, will be processed by 18 Oct: Jaitley
The limit for turnover in compensation scheme raised from Rs.75 lakh to Rs. 1 crore: FM Arun Jaitley
There has been blockage in credit of exporters which affects their cash liquidity, says finance minister Arun Jaitley
Jaitley is addressing the media after a meeting of the GST council
E-wallet for each exporter to be made & notional amount as advance refund will be given; will be initiated on 1 April 2018: FM Jaitley pic.twitter.com/51kCS4tfJr— ANI (@ANI) October 6, 2017
Pattern of collection (of GST) is not clear after two months because it was a period of transition: FM Jaitley after 22nd #GSTCouncilMeet pic.twitter.com/ObzhnE1f2Q— ANI (@ANI) October 6, 2017
GST council meet: Small and medium traders with turnovers of up to Rs 1.5 crore to file quarterly, and not monthly returns
#WATCH Union Finance Minister Arun Jaitley addresses the media after 22nd GST Council meeting, in Delhi https://t.co/3EO6AzWzr3— ANI (@ANI) October 6, 2017
#GSTCouncilMeet that started at 10.30 am, still underway.Union Finance Minister Arun Jaitley expected to brief media after the meeting ends.— ANI (@ANI) October 6, 2017
Any person buying jewellery above Rs 50,000 will not be required to submit PAN or Aadhar card details
#UPDATE Any person buying jewellery above Rs 50,000 will not be required to submit PAN or Aadhar Card details #GSTCouncilMeet— ANI (@ANI) October 6, 2017
The government has revoked the GST notification on gems and jewellery.
A separate notification will be issued separately after due consideration.
#FLASH Govt revokes GST notification on gems and jewelry, separate notification to be issued separately after due consideration. pic.twitter.com/Y2ZHMUn9CT— ANI (@ANI) October 6, 2017
The GST (goods and services tax) Council met Friday to discuss ways to provide relief to small and medium traders, and to exporters.