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27th GST council meeting discusses change in GST rate for digital transactions

27th GST council meeting discusses change in GST rate for digital transactions

May 05, 2018, at 05:39 am

New Delhi, May 4 (IBNS):  The Goods and Services Tax Council on Friday discussed in detail the proposal of a concession of 2% in GST rate [where the GST rate is 3% or more, 1% each from applicable CGST and SGST rates] on B2C supplies, for which payment is made through cheque or digital mode, subject to a ceiling of Rs. 100 per transaction, so as to incentivise promotion of digital payment.

GST Council approves rate change for 29 goods, 53 categories of services

GST Council approves rate change for 29 goods, 53 categories of services

Jan 19, 2018, at 04:36 am

New Delhi, Jan 18 (IBNS): The Goods and Services Tax (GST) Council on Thursday approved a change in tax rates of 29 goods and 53 categories of services.