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Decisions taken on 20th GST Council Meet

The 20th meeting of GST council was held in New Delhi on Saturday, August 5, 2017. Some of the decisions taken are as below- Goods Rat...

The 20th meeting of GST council was held in New Delhi on Saturday, August 5, 2017. Some of the decisions taken are as below-
Goods
  • Rates on tractor parts brought down to 18% from 28%.
  • E-Way bill made mandatory for movement of goods worth more than Rs. 50,000.
Services
  • Job work on entire value chain in textile sector to be taxed at 5%. Earlier some job work related to textile sector was taxable at 18%.
  • Goods Transport Agency Service (GTA) would also be allowed to pay 12% GST with full ITC under forward charge. However, the GTA has to give an option at the beginning of financial year.
  • Rent-a-cab service would also be allowed to pay 12% GST with full ITC.
  • Government work contracts like roads, bridges, canals, etc., will now be taxable at 12% with ITC. Earlier they were taxable at 18%.
  • GST rate on admission to planetarium would be reduced from 28% to 18%.
  • Commission payable to Fair Price Shop Dealers by Central/ State Governments will be charged to nil rate against earlier tax rate of 18%.
  • In case of small house-keeping service providers (plumbers/carpenters) providing services through E-Commerce Operators, liability to pay GST would be placed on E-Commerce Operators.
The GST Council considered and recommended that the central government may move legislative amendments required for increasing the maximum ceiling of cess leviable to 25 per cent instead of the present 15 per cent so that the increased cess may be levied on motor vehicles falling under headings 8702 and 8703.
However, the decision on when to raise the actual cess leviable on the same will be taken by the GST Council in due course.

COMMENTS

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GST India Gst.Gov.in: Decisions taken on 20th GST Council Meet
Decisions taken on 20th GST Council Meet
GST India Gst.Gov.in
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