Business Standard

Some year-end cheer from GST Council

Big relaxation is decision to allow ITC against invoices issued by a supplier during 2017-18 till April 20, 2019, the due date for furnishing of form GSTR-3B for March, subject to specified condition

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TNC Rajagopalan
A Christmas gift from the Goods and Services Tax (GST) Council was a reduction in the rates on a number of items and simplifying of many procedures. In due course, the finance minister later said, the 12 and 18 per cent rates might be merged into a single one. And, that the next step would be to transfer cement to a lower slab.
 
The Council mostly rationalised rates in the 28 per cent tax bracket for many items and proposed many changes for those in the 18, 12 and 5 per cent brackets. GST on solar power generating plants
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First Published: Dec 31 2018 | 12:54 AM IST

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