All set for GST on 1st July, 2017…!!!
Highlights of 15th GST Council meeting held on 03rd June, 2016.
- All States have agreed for 1st July, 2017 roll out
- It is expected that credit of 40 per cent under draft transition law will be changed.
- As of 2nd June, 2017 – 23 States/UT have passed SGST Acts.
- GST Rates as per News Agency (Official details yet to be received by us)
|Footwear below Rs. 500/-||5%|
|Footwear above Rs. 500/-||18%|
|Beedis||28% without cess|
|Textiles (Natural Yarn, Fabric Cotton)||5%|
|Gold, Jems, Jewellery||3%|