GST (Goods and services tax) – India – Tally Solutions Revised GST Rates to Watch Out For On the 10th of November, 2017, the GST Council meet for the 23rd time, and took a plethora of decisions – which aims to simplify GST and more importantly, attempts to make… The post Revised GST Rates to Watch Out For appeared first on GST (Goods and services tax) – India – Tally Solutions.
The Government is making all efforts to stick to the timeline of 1st July for GST implementation. In the 15th GST Council meeting on 3rd June, 2017, the rates of 6 items were decided, including gold, footwear and textiles. All the states, except West Bengal, have also agreed to roll out GST from 1st July, 2017. Following is the status update on the GST Act and rules: GST Acts CGST Act, IGST Act, UTGST Act and Compensation to the States Act have been passed in the Parliament and have received presidential assent on 13th April, 2017. Following are the finalized Acts: SGST Act has been passed in 22 states, the latest being Himachal Pradesh. Rules GST rules finalized are: Rules […]