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GST ( Goods and Service Tax ) was first announced in 2000 by the government. Seventeen years later it is now a reality with the date for implementation set for July 1, 2017. Since 3rd August 2016, when the Rajya Sabha first passed the bill introducing GST in the 122nd Amendment of the Constitution, there have been many changes in the proposed GST bill and the rules and regulations pertaining to it. 

We regularly publish all GST related information here.

Latest GST News & Notifications

Latest Update:

Summary of 23rd GST Council Meet

Changes to be made prospectively from 15th November

Changes in Composition Scheme

  • Composition scheme limit to be increased to Rs 1.5 crore (can be extended to Rs 2 crore later).
  • 1 % GST rate for manufacturers & traders
  • Composition tax of 1% on turnover of taxable goods (turnover of exempted goods to be excluded)
  • Those supplying goods and services (services not exceeding Rs 5 lakhs in total) eligible for compositions scheme
  • Composition Returns, GSTR-4  due date extended to 24th December
  • Composition dealers cannot make inter-state sales. Input tax benefit not allowed.

Relief in GSTR compliance

  • All businesses to file GSTR-1 and GSTR-3B till March 2018.
  • GSTR-2 and GSTR-3 filing dates for July 2017 to March 2018 will be worked out later by a Committee of Officers
  • Turnover under Rs 1.5 Cr to file quarterly GSTR-1
  • Turnover above Rs 1.5 Cr to file monthly GSTR-1
  • All businesses to file GSTR-3B by 20th of next month till March 2018.

Extension of GSTR-1 filing Due Dates

For turnover upto Rs. 1.5 cr:

Period (Quarterly) Due dates
July- Sept 31st Dec 2017
Oct- Dec 15th Feb 2018
Jan- Mar 30th April 2018


For turnover of more than Rs 1.5 cr:

Period Dates
July to Oct 31st Dec 2017
Nov 10th Jan 2018
Dec 10th Feb 2018
Jan 10th Mar 2018
Feb 10th Apr 2018
March 10th May 2018


Relief for service providers

All service providers with turnover up to Rs 20 lakhs exempt from GST registration. Including those who supply inter-state or supply through e-commerce operator, such service providers do not have to register.


Challenges ahead for Restaurants

GST rate cut to 5% with no input tax credit.


Other taxpayer relief measures

  • Late Fees reduced – For delayed filing of NIL returns,  late fee reduced from Rs 200 per day to Rs 20 per day.
  • Late Fee credit – Late fees for GSTR-3B of July, Aug and Sept waived. Any late fees paid for these months will be credited back in Electronic Cash Ledger under ‘Tax’ and can be utilized to make GST payments.
  • Manual filing for Advance Ruling application to be introduced
  • Export of services to Nepal and Bhutan are exempt from GST and have now been allowed to claim a refund of input tax credit paid, if any.
  • TRAN-1 can be filed and revised till 31st December 2017. Revision to be done only once.
  • Timelines for filing of GSTR-2 and GSTR-3 for July to March 2018 to be worked out by Committee of Officers. However, subsequent month filing of GSTR-1 will not be impacted.


Others GSTR filing extensions

Return Revised Due Date                                  Old Due Date
GSTR-5 (for Non Resident) 15th Dec 2017 Earlier of 20th August 2017 or 7 days from date of registration
GSTR-4 (for Composition Dealers) 24th Dec 2017 18th October 2017
GSTR-6 (for Input Service Distributor) 31st Dec 2017 13th August 2017
ITC-04 (for job work) for quarter of Jul-Sep 31st Dec 2017 25th October 2017
TRAN-1 31st Dec 2017 30th September 2017

GST Rate Changes

  • 28% slab pruning cost to government= 20,000 crore
  • 1 % composition  rate for manufacturers & traders
  • Reduced from 28% to 18% W.e.f. 15th Nov 2017 – Shampoo, Perfume, tiles, watches
  • Reduced from 28% to 12% – Wet grinders, tanks
  • Reduced from 18% to 12% – Condensed milk, refined sugar, diabetic food
  • Reduced from 12% to 5% – Desiccated coconut, idli dosa batter, coir products
  • Reduced from 5% to Nil – Duar meal, khandsari sugar, dried vegetables
  • Restaurants within hotels (room tariff <7,500- 5% without ITC
  • Restaurants within hotels (room tariff >7,500 ) still 18% with ITC
  • Outdoor catering 18% with ITC

As per 22nd GST Council meeting of 6th October 2017

Lesser burden of compliance for small businesses

  • The government has recognised hardship faced by small businesses with turnover of within Rs 1.5cr, by delaying their return filing compliance to once a quarter from once a month. Taxes will be paid quarterly.
  • Small businesses will also have to file monthly returns for three months – July, August, and September – and the switchover to quarterly filing will happen from the cycle starting October 1.


Relief for Service Providers

  • Exemption from Registration for a service provider if the aggregate turnover is less than Rs. 20Lacs (10 Lacs in special category state except for J&K) even if they are making inter-state supplies of services.
  • Services provided by a GTA to an Unregistered person shall be exempted from GST.
  • TDS/TCS provisions shall be postponed till 31.03.2018.
  • Small businesses will also have to file monthly returns for three months – July, August, and September – and the switchover to quarterly filing will happen from the cycle starting October 1.


Relief for Exporters

  • Refund cheques for July exports will be processed by Oct 10 and refund cheques for August exports will be processed by Oct 18.
  • Every exporter will now get an e-wallet. In the e-wallet, there would be a notional amount for credit. The refund they will eventually get will be offset from that amount. The e-wallet will be introduced from April next year.
  • Merchant exporters will pay a nominal 0.1% GST applicable on exports to enable their suppliers to claim ITC.


Composition Scheme changes

  • Person otherwise eligible for availing the composition scheme and are providing any exempt services shall now be eligible for the composition scheme.
  • Eligibility of composition scheme raised to Rs 1 crore.
  • Traders will pay 1%, manufacturers 2% and restaurants 5% under the composition scheme.
  • Due date of FORM GSTR-4 for the quarter July-September, 2017 is extended to 15th November 2017


 RCM postponed

RCM applicable for the purchases from the unregistered dealer shall be suspended till 31.03.2018.


No GST on advance receipts for businesses with turnover under Rs 1.5cr

Taxpayers having annual turnover upto 1.5 Crore shall not be required to pay GST at the time of receipt of advances on account of supply of goods.


Significant rate changes

  • GST on unbranded Ayurvedic medicines has been reduced from 12% to 5%.
  • Tax rate for man-made yarn has been reduced to 12% from 18%. The decision will have an effect on textiles.
  • GST rate on many job work items reduced from 12% to 5%. GST rate on some stationery items, diesel engine parts also reduced to 18% from the earlier 28%.
  • GST on khakra and unbranded namkeen has been reduced from 12% to 5%. Tax on zari work has been reduced from  12% to 5%.
  • 35% abatement on old leasing contract of vehicle
  • Printing Job work rate revised from 12% to 5%



  • E-way bill has been deferred to 1st April 2018
  • Relief for jewellers as no need to furnish PAN card on jewellery purchase of more than Rs 50,000. The amount of jewellery purchase for which KYC will be required will be determined later.
  • 35% abatement on old leasing contract of vehicle
  • Due date of GSTR-6 (filed by an input service distributor) for the months of July, August and September 2017 has been extended to 15.11.2017


Under consideration 

  • Finance Minister Arun Jaitley announced that a group of ministers will relook tax on AC restaurants. GST for AC restaurants may become cheaper from 18% to 12%. A group of ministers has been formed to devise the mechanism. The GoM will submit its report in 14 days.
  • GoM will also make the composition scheme more attractive


Composition Scheme- Notification 3 & 8/2017

Composition scheme threshold has been notified to be 75 lakhs . This will be beneficial to small businesses.

Notification 3 contains the composition scheme rules which had been issued ealrier on 17th May.


Reverse Charge- Notification 5/2017

The persons who only supply goods/services on which reverse charge applies are exempted from registering under GST registration.

For example, For example, Ola Cabs enlist drivers to ply their cars. Drivers are providing chauffeur/driving services to Ola and Ola is the service receiver.

Ola pays GST on the drivers’ services on reverse charge basis. Drivers are not required to register under GST thus removing the burden of tax compliance for individuals with limited resources (drivers) to large companies (Ola) with enough resources.

Sections coming into force-Notification 1 & 9/2017

With the Notification of 19th June and 28th June, most of the CGST Act is now in force. Only sections 51 & 52 (TDS & TCS respectively) are not applicable as the government has relaxed TDS & TCS provisions for the time being to give more time to the e-commerce sellers.

Sections 42(9) & 43(9) are not applicable.

These clauses say that if the output tax liability is reduced (or input tax credit is increased) due to a debit note (or a credit note) [mismatch of invoices reconciliation] then such amount shall be refunded by crediting electronic ledger. This is not applicable right now as there will not be any reconciliation for 2 months.

Rules-Notification 10/2017

CBEC has issued the rules on valutation, transisition, refunds etc. in a 247 page document.


HSN Codes-Notification 12/2017

Every registered person with turnover more than 1.5 crores must mention the HSN Codes in each and every invoice.

However, the numbers of digits to be mentioned in the Invoice depends on the annual turnover in the preceding financial year.

Turnover in previous FY No. of digits
Upto Rs. 1.50 Cr NIL
More than Rs. 1.50 Cr. & upto Rs. 5 Cr 2 digits
More than Rs. 5 Cr 4 digits

This is effective from 1st July, i.e., all invoices from 1st July must be GST compliant and have details of HSN codes.

The same notifications have also been made under IGST (notification 5).

Rates of interest-Notification 13/2017

The rates of interest are same as mentioned in the Act. The notification ratifies the rates.

This notification shall come into force from the 1st day of July, 2017

Sections Interest p.a.
Sec 50(1)- Failure to pay tax 18%
Sec 50(3)- Less tax paid/ excess ITC availed 24%
Sec 54(12)- Interest on refunds withheld in an appeal later given 6%
Sec 56- Interest on delayed refunds 6%
Proviso to 56- Interest on refunds ordered in an appeal 9%

The same notification has also been made under IGST (notification 6).

Common Portal- Notification 4 /2017

It is notified that the GST website of the Common Portal is  www.gst.gov.in managed by  Goods and Services Tax Network.

Modes of verification-Notification 6 & 11/2017

The modes of verification are-

  • Aadhaar based Electronic Verification Code (EVC)
  • Electronic verification code generated through net banking login on the common portal
  • Electronic verification code generated on the common portal

[Points ii & iii replacing the earlier Bank account based OTP as per earlier notification]

Central Tax Rate Notification (28.06.2017)

  1. Most of the goods are kept at the same rates as announced by the GST council earlier but rough or non industrial unworked diamond or precious stones will be charged CGST at the rate of 0.125%.
  2. List of goods exempt from CGST. No change in the list.
  3. Oil, gas, coal and petroleum licenses and sub-contract licenses and leases will be charged GST at the rate of 2.5%.
  4. The person liable to deduct TDS as per the GST law supplying intrastate goods or services to an unregistered person would be exempt from CGST.
  5. Cashew nuts, not shelled or peeled, Bidi wrapper leaves (tendu), Tobacco leaves, silk yarn, Supply of lottery would have reverse charge applicable under GST.
  6. Refund of the unutilized ITC would not be provided in the case of the tax on output being lower than the tax on inputs for certain goods mainly related to the textile and railways.
  7. The supply of goods by CSD to unit run canteens and authorized customers and supply of goods by the unit run canteens to the authorized customers.
  8. 50% of the tax paid on inward supplies of goods by the CSD for further supply to unit run canteens or authorized customers can be claimed as refund under GST.
  9. Person liable to deduct TDS as per the GST law supplying intra goods or services to an unregistered person would be exempt from CGST.
  10. Intrastate supply of second hand goods by a registered person who deals in selling second hand goods to an unregistered person would be exempt from CGST.

Integrated Tax

Sections in force-Notification No. 3/2017

The Central Government has notified that provisions of sections 4 to 13, 16 to 19, 21, 23 to 25 of The Integrated Goods and Service Tax Act, 2017 shall come into force from 1st July 2017.

Provisions of CGST will also apply for IGST- Notification No. 4/2017

The Integrated Goods and Services Tax Rules, 2017 have been notified and are deemed to have come into force retrospectively from 22nd June  2017.

The Central Goods and Services Tax Rules, 2017, for carrying out the provisions specified in section 20 of the Integrated Goods and Services Tax Act, 2017 shall, so far as may be, apply in relation to integrated tax as they apply in relation to central tax. Section 20 mentions the CGST provisions that will apply mutatis mutandis for IGST.

GST News -Integrated Tax (Rates) Notifications

Cases where the e-commerce operator will pay IGST- Notification No. 14/2017

E-commerce operator will pay the IGST in the following services-

  • Transportation of passengers by a radio-taxi, motorcab, maxicab and motor cycle (Eg. Ola outstation from Bangalore to Chennai)
  • Providing accommodation in hotels, inns and other commercial places meant for residential or lodging purposes. For example, a small hotel registered on Oyo rooms. Oyo rooms will pay IGST However, if the person (hotel) supplying such service through e-commerce is liable for registration under GST then that person will pay. Eg, Ibis Hotel is a large multi-chain hotel also registered on Oyo rooms. Then Ibis Hotel will pay.


It will come into force with effect from the 1st July 2017.

Goods on which reverse charge applies-Notification No.4/2017

A list of goods on which reverse charge applies is issued by CBEC. When the supply is made by the specified person, then IGST will be payable on reverse charge basis by the recipient of the intra-state supply of such goods. All the provisions of will apply to such recipient.

No ITC for Construction- Notification No. 12/2017

No refund of unutilized ITC will be allowed input tax credit shall be allowed for IGST in construction of a complex, building etc. (works contract). Except in cases where the entire consideration has been received after issuance of completion certificate or after its first occupation, whichever is earlier.


This is in keeping with the provision of not allowing ITC.

This will come into force with effect from the 1st day of July 2017.

Reverse Charge- Notification No. 10/2017

List of services on which reverse charge is applicable is issued. It is the same as issued under CGST Act.

Army Canteens- Notification No. 6 & 7/2017

In the public interest exempts, the following are exempted from IGST (& also CGST)-

  • The supply of goods by the Canteen Stores Department (CSD) to the Unit Run Canteens or
  • The supply of goods by the CSD/Unit Run Canteens to the authorized customers

The CSD can claim a refund of 50% on IGST of all input goods received by it for subsequent supply of such goods to the Unit Run Canteens or to the authorized customers of the CSD.

This notification shall come into force with effect from the 1st July 2017.

Inverted Rate Structure- Tax On Inputs>Tax On Outputs- Notification No.5/2017

Refund of unutilised ITC will NOT be allowed, when the ITC is accumulated due to rate of tax on inputs being higher than the rate of tax on the output goods (except nil rated or fully exempted goods).

High tax on the imported raw materials compels manufacturers to raise the price. On the other hand, foreign finished goods have lower tax rate. In conclusion, manufactured goods by the domestic industry become uncompetitive against imported finished goods.

List of goods on which this notification applies.

For UIN & Diplomats Notification No. 13/2017

This notification specifies the conditions applicable –

  • UN or specified international organisations and
  • Foreign diplomats in India

Panchayat services- Notification No. 11/2017

Constitutional services of the Panchayat are not covered under GST.

News on GST Act

The entire framework of GST is based on GST Act. It was devised by the GST Council, which is a committee consisting of the Union Finance Minister (Chairperson), the Union Minister of State, the minister in-charge of finance or taxation or any other minister nominated by each State Government.

GST News – Rule Changes

The GST is a constitutional amendment, and any change in the law will also affect the rules therein. Rules for invoicing, rules for penalty, rules defining the point of taxation – these are just some of the examples of any rule change in the model law.

For Further Information & Reading:


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All Articles

  1. GST Council held its 23rd GST council meet on 10th November 2017. Here are the important updates of the meet.
  2. The number of registered tax assessees have marginally surged by about 25%, post the implementation of GST.
  3. Prime Minister Modi hailed GST implementation and cited that it has increased the efficiency of the transport sector by at least 30%.
  4. Taxpayers transitioning to GST are in for a shock. The GSTR-3B form is missing a crucial column which might affect ITC claims for the months of July-August.
  5. The E-way Bill proposed under GST could be the shot in the arm that India's logistics industry has been looking for. The govt. thinks the same.
  6. There's good news for dealers migrating to GST as the government portal now has the feature for tracking one's GST number or GSTN.
  7. Worried about GST increasing your education fees? The government has clarified that hostels will not fall under the purview of GST.
  8. The Cabinet Minister has sent a directive to all Central Ministries asking them to check and report on GST implementation issues.
  9. A handy GST 2017 calendar mentioning all the important GST dates and details when to file your returns
  10. The tax exemptions enjoyed by companies under the previous VAT regime will not be applicable under GST. The govt. has a scheme in place to solve this.
  11. The hilly state of J&K has finally passed the laws needed to make GST a reality. With the President's nod, the new tax policy will now be live in the state.
  12. Post-GST is the best time to buy your new set of wheels, as companies have started to slash prices after recalculation of the new stock.
  13. Worried about high prices due to GST? The government says market competition will force companies to adjust prices without any draconian tactics.
  14. Anti-profiteering laws are an important part of the GST law. The Council has approved the clause in its recent meeting and warned against non-compliance.
  15. All states have now passed the respective SGST laws except for Jammu and Kashmir where the entire bill is still in contention.
  16. The Finance Minister has quashed all rumours surrounding any delays in GST implementation and said that the transition event will occur on June 30th.
  17. Companies have decided to slow down production and dispatch in the last few days of June, ending this quarter early so as to be GST-ready in time.
  18. GSPs are having a tough time preparing for GST launch as they feel they do not have enough time to test and ready their software.
  19. GST in the Valley faces a hard road ahead with a fresh barrage of opposition from the separatist leaders in the region. Read more.
  20. Despite the claims that air fares will come down after the implementation of GST, the latest news says that the opposite may be true. Learn more.
  21. As the government authorities prepare for the launch of GST, the much-talked about e-way bills might be pushed down the line. Read more.
  22. An industry report says GST will level the playing field for organized retail in the coming days, and decrease competition from unorganized businesses.
  23. As GST draws near, electronic retailers are trying their best to sell off old stock by offering heavy discounts on white goods.
  24. The textile industry was worried about GST being levied. However, senior tax officials say that the 5% GST will have positive benefits in the long run.
  25. The time limit for claiming input tax credit on GST transition stock has been increased to three months. Some rule changes have also been made.
  26. Life-saving drugs may see a marginal increase in price while other OTC formulations might get more expensive post GST implementation.
  27. Good news for SMEs! GST seems likely to open up more avenues for securing credit in a reliable and easy manner for the sector, say experts.
  28. Telcos are having a tough time deciding the impact of GST on their revenues. The GST software overhaul required could set the industry back a fair bit.
  29. Alcohol is currently outside the purview of GST. However, experts believe this might cause more trouble for the liquor industry in the coming days.
  30. The GST Council's fitment committee is currently discussing the rates for various products. Here are the updates from Day 1 of the meet in Srinagar today.
  31. Businesses have made their GST calculations, and are not entirely sure if the new tax will lower prices. Much depends on the Council's decision this week.
  32. The countdown to GST is on and the news that majority of Indian businesses are still not ready is a bit unsettling. A survey from Ginesys gives the numbers.
  33. With dealers preferring to play the wait-and-watch game and no buy inventories before GST goes live, excise collections in the second quarter may drop.
  34. The rates on goods and services have long been awaited. With the fitment committee meeting this weekend to decide rates, we can finally have the answer.
  35. GST started with the promise of 'one nation, one tax'. But keeping multiple state taxes outside its purview defeats the exact purpose of the new tax regime.
  36. GST will subsume all the indirect taxes in India, but the tax base of the new regime might become smaller than what it is now.
  37. The GSTN portal stopped enrollments on April 30. The Revenue Department has now stated that the enrollment process will start again soon.
  38. Speaking at an event in the capital, the Finance Minister clarified why quarterly returns cannot be made possible for all taxpayers under GST. Read more.
  39. A level playing field and a seamless flow of input tax credit should allow domestic companies to blossom in the GST era, says the Revenue Secretary.
  40. Even as companies in the country prepare for GST launch, doubts about supplier readiness and flow of input tax credit continue to haunt them. Read more.
  41. Return filing under GST will be done online, and to ensure that the system is ready for taxpayers, the GSTN will conduct a live test soon.
  42. The fitment committee will soon meet for a three-day discussion to finalise the tax rates of all goods and services and align them to present tax rates.
  43. A new paper from a U.S. Federal Reserve says that the estimated impact of GST on India's GDP growth could be as high as up to 4.2%.
  44. With GST's go-live date knocking on the door, the PM has asked all states to clear GST Bills on priority. Changing the FY to Dec-Jan was also on the cards.
  45. Under GST, services might be taxed at two separate rates - 12% and 18%, instead of one uniform rate to avoid unnecessary burden on the end consumer.
  46. Real estate developers across the nation are worried that the overall cost of properties could rise by a discernible margin under the new GST rates.
  47. GST will go live on 1st July and businesses across the country are migrating to the new tax regime. Kerala is leading the way in this regard.
  48. The All India Tax Associates Federation wants the Finance Minister Mr. Arun Jaitley to completely do away with the the E-way Bills under GST.
  49. The GST council’s fitment committee which includes tax officials from the Centre and the states will meet this week to find a formula for slotting services into the four-tiered tax structure of GST.
  50. Experts hope that the GST Council will not keep variable tax rates within a single product group as it will further complicate the tax system.
  51. FMCG brands have already started to lay out plans for GST with de-stocking and raising prices before implementation to protect operating costs.
  52. Senior Congress leaders want GST implementation to be pushed to October citing an inverse impact on small and medium enterprises and imperfect tax rates.
  53. The government is pushing ahead with its agenda of rolling out the country’s biggest tax reform since independence by tabling the GST Bills in Rajya Sabha today
  54. State bank of India has become the first Indian bank to raise concerns about the compliance required for services under the GST regime
  55. The government has put eight set of rules relating to GST in the public and asked for opinions from industries and end consumers.
  56. GST will apply on the actual value of goods purchased and not on reduced amount under exchange offers paid in cash, says government.
  57. The government has decided not to levy GST on sectors which are currently exempt from tax such as healthcare and education.
  58. Revenue Minister Hasmukh Adhia says that the government is very serious about implementing GST come July 1. Delay can happen only in special circumstances.
  59. The GST Bill is under debate in Lok Sabha today in a marathon seven-hour session where it faces opposition from the Congress.
  60. GST Bill enters its last phase with four important bills up for discussion in the Lok Sabha on Tuesday. The deadline for GST is July 1st.
  61. Under Article 370 of the Constitution, J&K enjoys financial autonomy and special taxation powers which contradict the provisions of the GST Bill.
  62. Petroleum Minister Dharmendra Pradhan is of the opinion that bringing petrol under the purview of GST will help states in the long run.
  63. The new GST Compensation Bill gives the Centre a bigger share of the residual fund after the five year transition period, as compared to before
  64. The GST council had approved the bill to state compensate packages for possible revenue loss in the five years following GST implementation.
  65. The GST council is meeting is to resolve differences between centre and states over administration powers over GST registrants.
  66. A major law like the GST cannot be implemented without a few hiccups, and figuring out nitty gritties is part of the job of the GST council.
  67. The country is gearing up for the implementation of GST from July but the nuances of the model GST law are yet to be set in stone.
  68. Due to GST on e-com sector online rivals Amazon, Flipkart, and Snapdeal approach FICCI as a united front in a bid to gain exemption from GST.
  69. While the e-com companies concerns over TCS, the sellers association seems to be quite pleased with the idea of a level playing field.
  70. The Kerala jewellers association pushes for uniform gold tax at 1.25% under the new GST regime since gold tax is not part of the four-tier GST structure.
  71. Tamil Nadu textile mills have approached Prime Minister Narendra Modi to ask for a fixed levy of 5% under the new GST law.
  72. The GST Council approved the bill guaranteeing compensate states for revenue losses that may occur due to the transition to the new tax regime.
  73. The GSTN is a privately held firm that is tasked with building the IT infrastructure for transition to GST & is now under scrutiny for tax evasion.
  74. In order to facilitate GST implementation, the government is looking to do away with 16 cesses and surcharges on the union excise and service tax.
  75. Manish Sisodia wants the government to rethink and address traders’ concerns under GST more closely and focus on the most affected people and businessman.
  76. The negotiations between the Centre and the states on the finer points of GST bill have argued for the e-permit for goods transported across borders.
  77. GST Council has decided to limit the cess rates on tobacco products at 290 % ad valorem and on pan masala at 135% ad valorem.
  78. The GST Council has given the green signal to rollout GST bill from July, after clearing all requisite regulations and legislations.
  79. The Cabinet approved four critical bills on Monday, clearing the way for GST implementation by July 1. These bills will now be presented to Lok Sabha.
  80. The Japanese fiscal research company Nomura has said that the impact of GST on price rates in India would be less than 20 basis points.
  81. US beverage company Coca-Cola wants the Indian government to reduce the tax on aerated drinks from 43% to 34% and to increase the July 1st deadline for implementation to September.
  82. Impact of the Deadlock in GST Council over the contentious issue of Revenue Sharing and Dual Control