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- Here's a summary of the key takeaways:
- Tax Rate Changes and Exemptions:
- A uniform 12% GST rate was set for milk cans.
- GST on cartons used for packaging apples in Himachal Pradesh and Jammu and Kashmir was reduced to 12%.
- Relief for students: hostel mess services exempted from GST.
- Platform tickets for railway bookings remained exempt from GST.
- Easing Compliance Burden:
- Extension of filing deadline for GSTR-4 form for small taxpayers.
- Waiver of interest and late fees in non-fraudulent cases.
- Introduction of a phased rollout for Aadhaar-based biometric authentication to curb fake invoicing.
- Modifications to simplify GSTR-1 form.
- Reduced TCS (Tax Collected at Source) rate.
Question:
1 What was the uniform GST rate set for milk cans?
- A) 5%
- B) 12%
- C) 18%
- D) 28%