The GST on velvet fabric will be cut from 12 per cent to five per cent. Subscription of online educational journals/periodicals by educational institutions who provide a recognised degree will be exempt from GST. Five per cent GST will be levied on small housekeeping service providers.The new tax rates would be effective from January 25.Infosys co-founder Nandan Nilekani gave a presentation to the council on the model to simplify the return-filing process.
With crude oil prices on a boil, there has been a demand to bring petrol and diesel under GST to cut taxes on them and give some relief to the general public. The GST Council clarified that services provided by senior doctors, consultants and technicians hired by the hospitals, whether employees or not, are healthcare services, which is exempt. However, tax rates will be increased on cigarette filter rods from 12 per cent to 18 per cent. Returns filing https://www.sppnonwoven.com/product/packaging-nonwoven/nonwoven-machinemade-bags.html process will be made easier.
The GST rate will be cut on transportation of petroleum crude and petroleum products (petrol, diesel and ATF) from 18 per cent to five per cent without input tax credit and 12 per cent with ITC. The participating airlines are eligible for VGF subject to certain conditions. Union finance minister Arun Jaitley said the new process would be finalised at the council’s next meeting, which will be held before the Union Budget, after a written formulation is circulated to the states.25 per cent. The registered entities will continue to file their returns in the GSTR-3B form till then. This scheme, also known as Udan (Ude Desh ka Aam Naagrik), seeks to connect unserved and under-served airports as well as make flying more affordable.Mr Jaitley said that bringing petrol and diesel and real estate under GST will be discussed at the next meeting

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