25th GST Council Meeting held on 18th January, 2018 at Vigyan Bhavan, New Delhi (Highlights)

• Finance Minister India Arun Jaitley says “necessary to build some anti-evasion measures” He considered GST e-way bill one of them.

• GSTR 3B return filing to be continued till further announcement.

• Petrol under GST will be decided at the next GST Council meeting.

• 40 handicrafts tax slab will be decided in the coming few days by the council.

• The tax rate reduction on all the items and services will be applicable from 25th January 2018.

• Composition dealers deposited lesser tax than expected as stated by Finance minister.

• Arun Jaitley mentioned that 15 states to apply intrastate GST e-way bill on the same date i.e. on 1st February 2018.

• Items re-considered under 18% slab rate from 28% tax rate.

• Next meeting through video conferencing in 10 days.

• No decisions on return filing simplifications today.

• Uttarakhand FM cleared that 29 handicrafts items reduced to 0% GST.

• Nandan Nilekani presents suggestions on GST return filings.

• GST Council holds 35,000 crores for distribution among centre and states as an IGST collection dividend (Source: CNBC).

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Blog source : GST Council official

Signed Minutes - 25th GST Council Meeting.pdf

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