GST relief for small firms, rates cut for many groups - News Summed Up

GST relief for small firms, rates cut for many groups


Finance Minister Arun Jaitley, Revenue Secretary Hasmukh Adhia at the GST Council meeting on Friday. (Express Photo/Prem Nath Pandey) Finance Minister Arun Jaitley, Revenue Secretary Hasmukh Adhia at the GST Council meeting on Friday. The registered buyers from such small taxpayers would be eligible to avail input tax credit on a monthly basis. To ease transportation problems of small unregistered businesses, the Council exempted Goods Transport Agencies from paying GST on services provided to an unregistered person. The composition scheme has been made more attractive and other facilitation measures will make the GST even more people-friendly and effective, he said.


Source: Indian Express October 06, 2017 23:14 UTC



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