Business Standard

Small traders to gain in GST relief for e-commerce sellers, transport

For the transport sector, the council lowered GST to 5 per cent from 18 per cent on ropeways, renting of goods carriage, including fuel cost

Nirmala Sitharaman, GST
Premium

Union Finance Minister Nirmala Sitharaman chairs the 47th meeting of Goods and Services Tax (GST) Council, in Chandigarh

Shrimi Choudhary Chandigarh
Easing compliance for taxpayers, the Goods and Services Tax (GST) Council has also given relief to the transport sector and small online sellers by waiving mandatory registration norms for small businesses. Changes in the law will come into force on January 1, 2023. The move will benefit approximately 120,000 small traders, officials said.

For the transport sector, the council lowered GST to 5 per cent from 18 per cent on ropeways, renting of goods carriage, including fuel cost, and even exempted the foreign component of the tour package from GST. It also allowed composition dealers to undertake intra-state supplies via

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jun 29 2022 | 11:05 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com