The 21st GST council meeting was held in Hyderabad on Saturday.
It was chaired by finance minister Arun Jaitley.
It was chaired by finance minister Arun Jaitley.
Highlights of the meeting
- Artisans and folk artists with an annual turnover of up to Rs20 lakh are exempted from registration under GST.
- The deadline for filing of sales return or GSTR-1 for the month of July has been extended by a month to 10 October.
- No registration would be required for inter-state job works
- The tax rate has been reduced to 12% from 18% on government work contract
- Cess on mid-segment cars has been increased by 2 per cent, on large cars by 5 per cent and on SUVs by 7 per cent
- The council has decided to appoint a Committee of Ministers which will continuously interact with GST Network to ensure smooth transformation.
