GST Update: GST Council ease the pressure

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The GST council has eased the compliance burden on the industry till March 2018. It has extended the simplified form GSTR 3B till March 2018

Consumers will be paying less for a wide range of items from shampoo to furniture from November 15 as the GST

Eating at restaurants will cost less as the Council lowered the rate on them to 5 per cent, irrespective of turnover or whether they have air-conditioners or not.

Also, the GST on 13 items, including pasta, curry, diabetic food, and condensed milk, was lowered from 18 per cent to 12 per cent; from 18 per cent to 5 per cent on six items such as puffed rice, chikki, chutney powder, and fly ash; from 12 per cent to 5 per cent on eight items such as desiccated coconut, idli, dosa, sambar, and worn clothing; and from 5 per cent to nil on six items like guar meal and frozen fish

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