Articles - GST

Highlights of 20th GST Council Meeting dated 5th August 2017

Highlights of 20th GST Council Meeting dated 5th August 2017

Looking for the updates of the 20th GST Council Meeting? Here are the most important ones.

  1. E-Way bill should be mandatory for movement of goods worth more than Rs. 50,000.
  2. The anti-profiteering mechanism will get a kick start by appointing state wise committees.
  3. Job work on the entire value chain in the textile sector to be taxed at 5%. Earlier some job work related to the textile sector was taxable at 18%.
  4. Rates on tractor parts brought down to 18% from 28%.
  5. Government work contracts like roads, bridges, canals, etc.,will now be taxable at 12% with credits. Earlier they were taxable at 18%.
  6. Commission payable to Fair Price Shop Dealers by Central/ State Governments will be charged to nil rate earlier it was taxable at 18%.
  7. GST rate on admission to planetarium would be reduced from 28% to 18%.
  8. Rent-a-cab service would also be allowed to pay 12% GST with full ITC.
  9. 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 the financial year).
  10. In the 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.

 

Hope this article was helpful. Refer to the topics discussed in the 21th GST council meeting 

 

About EbizFiling.com:

 

EbizFiling.com is a motivated and progressive firm managed by like-minded people. It helps a variety of small, medium and large businesses to cater to all compliance requirements of Indian Laws.

 

Get in touch for a free consultation on info@ebizfiling.com or call 9643203209.

Team Ebizfiling

Ebizfiling.com is a leading online platform offering end-to-end business compliance solutions for startups, SMEs, and global companies. With a presence across India and international markets including the USA, UK, and Singapore, the company specializes in company/LLP incorporation, ITR and GST filings, legal advisory, and foreign subsidiary formation. Backed by experienced professionals including CAs, CSs, and legal experts, Ebizfiling delivers accurate, timely, and regulation-compliant services trusted by thousands of businesses. The platform aims to simplify complex compliance processes through technology, personalized support, and a deep understanding of Indian and global regulatory frameworks.

Leave a Comment

Recent Posts

CA vs CS Certificates in India – Types, Fees, and Compliance Explained

CA vs CS Certificates in India – Types, Fees, and Compliance Explained   Introduction   Certificates issued by Chartered Accountants (CAs) and…

10 mins ago

CS Certificates in India – Types, Information Required, Fees & UDIN Norms

CS Certificates in India – Types, Information Required, Fees & UDIN Norms   Introduction   In India, Company Secretary (CS) certificates are…

13 mins ago

Certificates in India – Types, Information Required, Charges & UDIN Norms

Certificates in India – Types, Information Required, Charges & UDIN Norms   Introduction   For many financial and compliance matters in India,…

15 mins ago

7 Essential Skills CAs Should Learn in 2025 for Growth

7 Essential Skills CAs Should Learn in 2025 for Growth As a content writer at Ebizfiling, I interact with Chartered…

23 hours ago

Expecting a Tax Refund but Got a Demand? Understand Your 143(1) Notice

Expecting a Tax Refund but Got a Demand? Understand Your 143(1) Notice   Introduction If you were expecting a refund after…

24 hours ago

Form 15H for PF Withdrawal Online

Form 15H for PF Withdrawal Online  Introduction Filing Form 15H for PF withdrawal online is an important step for anyone…

3 days ago