*GST Council Updates*
1. Quarterly Returns
approved for taxpayers with turnover less than Rs 5cr ( *tax payments to
continue on monthly basis*)
2. Sanitary Napkins
exempted from GST going forward
3. No decision on 1%
sugar cess
4. GST on bamboo
flooring reduced to 12%
5. GST on hotels would
now be on actual tariff & not declares tariff
6. Ethanol for Oil
Marketing Companies now at 5% vs 18% earlier
7. 5% GST ceiling on
footwear raised from Rs 500 to Rs 1000
8. GST on paints &
varnishes, wall putty cut from 28% to 18%
9. GST on all leather
items cut from 28% to 18%
10. GST on consumer
electronics - *TV (up to 27"), Washing Machine, Refrigerator, mixer,
juicer, grinder* cut from 28% to 18%
11. GST on special
purpose vehicles, work truck, trailer cut from 28% to 18%
