- GST Council made key recommendations related to GST tax rate changes, relief measures, trade facilitation, and compliance streamlining
- GST rate changes for goods such as namkeens, cancer drugs, metal scrap, railway AC units, and car seats
- Services like life and health insurance, passengers transportation by helicopters, flying training courses, research and development services, and affiliation services were also addressed
- Other changes include regularization of past GST liabilities in various sectors and clarifications for advertising services and demo vehicles
Source: taxilla.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
Latest Posts in "India"
- Supreme Court: VAT Credit Cannot Be Denied Due to Supplier’s Tax Default
- Trickiest countries in which to achieve compliance
- India announces changes in the Invoice Management System
- GST: India’s Grand Federal Bargain Becomes Imperfect Political Compromise After Eight Years
- GST 2.0 Boosts Bengal’s Economy with Rate Cuts on Local Goods and Industries
