You should know six things about new GST rates

Tax rates include 200 items, beauty products, chewing gum, chocolate, coffee and custard powder, among the Oters, 18 per cent to 28 per cent including the War Slsed, Finance Minister Arun Jetli said in a meeting of Guwahati 23 GST Council. The committee has also made changes in the planning plan. The GST Council has also decided that the total annual turnover of the taxpayers is Rs. 1.5 crores, need to file GSTR-1 on a quarterly basis, while Rs. Taxpayers need to file GSTR-1 on a monthly basis with a turnover of Rs 1.5 crore.

Six things to know about new GST rates

1) Top 28 percent Goods and Service Tax (GST) slabs per council list items per order were patrolling only 50 turn 228. So, only Lczri and sin Goods Array now only moved up to 18 percent of the arrears coming in the high tax slab and the items used to exclude daily. Jaitley has said that the Council is on 28% of the list of pruning months

2) Provide cheap food: In addition to the benefits of Input Tax Credit (ITC), all restaurants will be charged 5% on GST. However, in a star hotel at a five-star hotel, Rent from Rs 7,500 to Rs 7,500, attracts 18% and can still get ITC benefits. Outdoor catering input will attract 18 percent GST with tax credit advantage

3) The highest tax rate of 28 percent will still be imposed on goods like spices, arted water and drinks, singers and cigarettes, tobacco products, cement, points, perfumes, acks, dish washing machines, washing machines, Refrijrators, vacuum cleaners, cars and Two-wheelers, aircraft and yachts. "This rate of repetition is expected to increase the expectation of Priss Redke and Ksumption and thereby to increase the growth in consumer products and retail industry," said a statement in India.

4) GST has reduced from 12% to 18% on 13 items.

5) GST has been brought up to 28% in 12% GST slab on two items. Six things have been reduced from 18% slab to 5%, GST reduced from 5% to 18% on eight items.

6) Tax on six items has been reduced from zero to 5 percent. Taxes on wet grinders and armored vehicles were reduced from 28% to 12%, tax on six items reduced from 18% to 5%, from 12% to 5% 8 items and from 5% to zero on six things. Click here to get the full list of tax deduction.

Experts and industry reduce tax rates

23 GST Council welcomed the result of the meeting with Shyam Brtia Chairman and Green Brtia said in a statement Jubilant Foodworks co-chairman Said B was the Indian government welcomed Redke s 18% to 5% patrolling patrols. This was a very progressive step on which to create Will manage more affordable home-cooking and eating-for-customers and towards a significant increase in organized restaurant segments ોરી જશે. "" આ પુનરાવર્તનો આ દર અરે અપેક્ષિત Priss Redke અને Ksumption અને Therebi ગ્રાહક ઉત્પાદનો અને રિટેલ ઉદ્યોગ માટે વૃદ્ધિ લાવવા વધારો કરવા માટે "એક નિવેદનમાં અય ભારત સેઇડ.

"Decrease rate from 18 percent to 28 percent on 178 items is in the right direction and shows policy shift from the principle of 'Akviwlens'. So what is the structure and patches for patrolling Konsumers. It was better that the Bay walls were 28 per cent slab there were more anti-profit Provisions and market dynamics are cut in the coming months in the coming months, which will lead to the next two low-tax slabs, this should lead to a reduction in priss for consumers, only the necklace ન, Leedr- પીડબલ્યુસી પરોક્ષ ટેક્સ

Angel Research believes that the rate cut should be anti-inflammatory. "The GST rate should be HVP of this huge pruning should have anti-inflation effect, and for the impact of inflation of the Princess of Upper Oil," said Mrs. Mayuresh Joshi, manager of Angel Research Fund.

Revenue in Rs. Will cut 20,000 crores

Bid merchants and businesses end up filing negative liability tax filers, revenue secretary Hsmuks to Adia side to reduce the compliance burden for a penalty for negative filing of negative filing negative returns of 200 rupees per day.

Takspaers Revenge Unble file in all fact cases July, August and September 20l7klet Fay resident Vved said in a large number of their returns in the form Gstr-3B, within a fixed date of the month.

Export of services to Nepal and Bhutan has already been exempted from GST. Now it has been decided that such exporters are also eligible for the claim. In Nepal, Nepal and Bhutan, there is a need for exemption from services.

GST Council has set an extended date for introducing specific forms