You are here: Home » Economy & Policy » News » GST
RBI monetary policy: Room squeezed out, says IDFC First Bank economist
Business Standard

Decoded: What GST Council decided for taxpayers, big and small

Here's a look at the most important decisions and what they mean for the average taxpayer.

Topics
GST Council | Decoded | taxpayers

TCA Srinivasa Raghavan  |  New Delhi 



GST, goods and services tax
From April 1, 2021, taxpayers with an annual turnover of more than Rs 5 crore will have to provide the 6-digit HSN code/SAC for their supplies

The coverage of the decisions by the Council in its 42nd meeting on Monday has focused on the compensation to states. While important, this doesn’t have a day-to-day impact on the taxpayer. A number of other decisions taken by the Council do, however. It’s been three years since GST rolled out and the Council clearly feels that it is time to implement those features that were originally envisaged but were kept in abeyance.

TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH.

SUBSCRIBE TO INSIGHTS

What you get on Business Standard Premium?

  • icon Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • icon Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • icon Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
  • icon Pick your 5 favourite companies, get a daily email with all news updates on them.
  • icon 26 years of website archives.
  • icon Preferential invites to Business Standard events.

OR


Subscribe to Business Standard Premium

Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!

Insightful news, sharp views, newsletters, e-paper, and more! Unlock incisive commentary only on Business Standard.

Download the Business Standard App for latest Business News and Market News .

First Published: Wed, October 07 2020. 06:10 IST

RECOMMENDED FOR YOU

.