Know about all the updates and announcements on Goods and Service Tax in India made by GST Council in the 23rd Council Meeting. Know more at https://cleartax.in/s/gst-news-and-announcements
Transition to GST could be a cumbersome process if preparations are not started immediately. VAT/Service tax taxpayers should complete the GST migration. Know more about GST Transitional Provision at https://cleartax.in/s/transition-to-gst/
GST in India explained along with different types of returns. In-depth process flow of GSTR 1,2 and 3.
Contents -
a) What is GST?
b) List of GST Returns
c) Return Flow (GSTR 1-3)
d) GSTR 1 - Outward Supplies
e) GSTR 2 - Inward Supplies
f) GSTR 1A & GSTR 3
Transition to GST could be a cumbersome process if preparations are not started immediately. VAT/Service tax taxpayers should complete the GST migration. Know more about GST Transitional Provision at https://cleartax.in/s/transition-to-gst/
GST in India explained along with different types of returns. In-depth process flow of GSTR 1,2 and 3.
Contents -
a) What is GST?
b) List of GST Returns
c) Return Flow (GSTR 1-3)
d) GSTR 1 - Outward Supplies
e) GSTR 2 - Inward Supplies
f) GSTR 1A & GSTR 3
If you have any Query you can contact Us
Mail id:- ca.sanjiv.nanda@gmail.com
Youtube Channel :- https://www.youtube.com/channel/UCmmx2GFXeoF-DNtNjwnpYJA
Website :- http://www.sanjivnanda.com/
Facebook link :- https://www.facebook.com/ca.sanjivnanda919/
Twitter :- https://twitter.com/
Presentation on the Indirect Tax system in India, the need for tax reforms, the journey to GST, basic understanding and features of GST and the benefits of GST.
Handbook ppt on gst goods & service tax _ top gst expertsCA Milin Shah
GST is on the way from 1st July 2017, Be ready for the biggest change in tax world. Would like to get everything about GST in your hand? right now ? right away _just click on the link to get everything on GST in sweet & simple language.
In the present globalized scenario, goods and services tax or GST as it is known is all set to be a game changer for the Indian economy. GST has far reaching consequences and implications and effects especially on the attainment of cost effectiveness. This is a concept which revolutionizes the face of fiscal federalism in the country and there could be a fundamental deviation from the existing powers relating to tax structure between centre and states. GST would repeal the powers to work out and impose excise duties, custom, VAT, SERVICES TAX, sales tax and purchases tax which are under the purview of centre or states. A sound, effective and easy GST regime should be implemented to all sectors of the economy. The main purpose of the GST is to bring to end existing tax administration. Thus going forward on all transactions in business of goods and services, only one tax will apply, it is GST. GST is comprising of CGST and SGST. IGST would be applied instead of SGST for interstate transactions. For successful implementation of GST, it is necessary that the government at both centre and state levels, agree to merge all their taxes into CGST/SGST.
i feel this presentation enriched with hyperlinks u can easily understand the basics of gst. and i feel the beginners must download this ppt for a better understanding of gst
MM Infosystems is now providing GST ready ERP software for various business Including Manufacturing, Trading, Education, Real Estate, Jewellery and Service. Visit our website and get more detail about GST enabled software.
GST Filing is the process by which buyers and suppliers file their GST returns to the IT Department of the Indian government. A GST return is essentially a document that contains details regarding the taxpayer's income that helps IT officials calculate their liability for a particular period.
Registered GST dealers have to file GST returns for purchases, sales, Output GST, and Input Tax Credit. To complete the GST filing, dealers require compliant sales and purchase invoices. Read on to find out more about GST Filing, why it’s important and how to get it done.
Hi everyone,
This is a summary slides that summarizes the GST implementation in Malaysia for SMEs.
If you are interested to know more, please feel free to visit our website at http://www.OfficeCentralCloud.com. Or sign up for a free trial for OfficeCentral, your All-In-One GST-Compliant enterprise management system specially designed for SMEs here: http://www.OfficeCentral.com.my.
Thank you!
If you have any Query you can contact Us
Mail id:- ca.sanjiv.nanda@gmail.com
Youtube Channel :- https://www.youtube.com/channel/UCmmx2GFXeoF-DNtNjwnpYJA
Website :- http://www.sanjivnanda.com/
Facebook link :- https://www.facebook.com/ca.sanjivnanda919/
Twitter :- https://twitter.com/
Presentation on the Indirect Tax system in India, the need for tax reforms, the journey to GST, basic understanding and features of GST and the benefits of GST.
Handbook ppt on gst goods & service tax _ top gst expertsCA Milin Shah
GST is on the way from 1st July 2017, Be ready for the biggest change in tax world. Would like to get everything about GST in your hand? right now ? right away _just click on the link to get everything on GST in sweet & simple language.
In the present globalized scenario, goods and services tax or GST as it is known is all set to be a game changer for the Indian economy. GST has far reaching consequences and implications and effects especially on the attainment of cost effectiveness. This is a concept which revolutionizes the face of fiscal federalism in the country and there could be a fundamental deviation from the existing powers relating to tax structure between centre and states. GST would repeal the powers to work out and impose excise duties, custom, VAT, SERVICES TAX, sales tax and purchases tax which are under the purview of centre or states. A sound, effective and easy GST regime should be implemented to all sectors of the economy. The main purpose of the GST is to bring to end existing tax administration. Thus going forward on all transactions in business of goods and services, only one tax will apply, it is GST. GST is comprising of CGST and SGST. IGST would be applied instead of SGST for interstate transactions. For successful implementation of GST, it is necessary that the government at both centre and state levels, agree to merge all their taxes into CGST/SGST.
i feel this presentation enriched with hyperlinks u can easily understand the basics of gst. and i feel the beginners must download this ppt for a better understanding of gst
MM Infosystems is now providing GST ready ERP software for various business Including Manufacturing, Trading, Education, Real Estate, Jewellery and Service. Visit our website and get more detail about GST enabled software.
GST Filing is the process by which buyers and suppliers file their GST returns to the IT Department of the Indian government. A GST return is essentially a document that contains details regarding the taxpayer's income that helps IT officials calculate their liability for a particular period.
Registered GST dealers have to file GST returns for purchases, sales, Output GST, and Input Tax Credit. To complete the GST filing, dealers require compliant sales and purchase invoices. Read on to find out more about GST Filing, why it’s important and how to get it done.
Hi everyone,
This is a summary slides that summarizes the GST implementation in Malaysia for SMEs.
If you are interested to know more, please feel free to visit our website at http://www.OfficeCentralCloud.com. Or sign up for a free trial for OfficeCentral, your All-In-One GST-Compliant enterprise management system specially designed for SMEs here: http://www.OfficeCentral.com.my.
Thank you!
If you have any Query you can contact Us
Mail id:- ca.sanjiv.nanda@gmail.com
Youtube Channel :- https://www.youtube.com/channel/UCmmx2GFXeoF-DNtNjwnpYJA
Website :- http://www.sanjivnanda.com/
Facebook link :- https://www.facebook.com/ca.sanjivnanda919/
Twitter :- https://twitter.com/
Maintenance of Accounts and Records, GST compliances and process of GST return filings. Type of Return under GST. Return under CGST, SGST, IGST. GSTR1, GSTR2, GSTR3,
This is a presentation for those people who wants to understands the basics of gst. This ppt includes how the gst works, Inpu ax Credit, Rates of GST, Composition Scheme etc.
Filing dates extended for providing relief to taxpayers in view of covidVimal Saini
COVID-19 on GST
Since we all knows due to Covid19 all world including our India is in terror of serious attack of this Global Mahamari. This is the first time in my lifetime i found India is totally locked up, Railway is totally locked up, all shops markets and even educational institutions are closed.
Due to this lockdown in India, major impact on all businessmen are zero sales, zero collections, intact fixed expenses such as salaries, rent, interest on loan and other fixed charges. Inspite of this, businessmen have to comply all tax compliances such as payment of TDS, GST and filing of their respective returns. In this document we shall discuss some changes and relaxation given by the Government in due dates for payment and filing of returns under GST (Goods and Services Tax) which are as follows:
A Glance to GST Calculation in India | GST KeeperGSTKeeper
This presentation takes you to the overview of GST calculation in India. Know the federal nature of India, and the process of GST calculation in India.
GST is an Indirect Tax which has replaced many Indirect Taxes in India.
The Act came into effect on 1st July 2017.
Goods & Services Tax Law in India is a comprehensive, multi-stage, destination-based tax that is levied on every value addition.
Important highlights of 40th GST council meet, as highlighted by Hon. Finance Minister Nirmala Sitharaman.
Please note the measures will be in force only after issue of relevant notifications.
Corporate Updates
RBI
RBI announces Sovereign Gold Bond Scheme
MCA
IBBI has amended the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 and Insolvency and Bankruptcy Board of India (Fast Track Insolvency Resolution Process for Corporate Persons) Regulations, 2017
TAXATION
Recommendations made by the GST Council in its 22nd Meeting
No extension of last date for filing GSTR-1 for July, 2017
Company Website-
www.acquisory.com
Similar to 23rd GST Council update - Powered by ClearTax (20)
This financial plan various sections. Each section is designed to give you a better understanding of your financial circumstances, and what's projected for the future.
Download tally patch to export data from Tally & file return on ClearTax GST Software. Your all Tally ERP 9 Solutions can be integrated with ClearTax GST.
The GST Council has relaxed filing rules for the first two months post implementation. Here's how to file your returns for these months using form GSTR 3B. To know more about GSTR 3B, visit our page https://cleartax.in/s/gstr-3b
One of the fundamental features of GST is the seamless flow of input credit across the chain and across the country for supply of Goods or Services. Know more about ITC under GST at https://cleartax.in/s/gst-input-tax-credit/
Financial Assets: Debit vs Equity Securities.pptxWrito-Finance
financial assets represent claim for future benefit or cash. Financial assets are formed by establishing contracts between participants. These financial assets are used for collection of huge amounts of money for business purposes.
Two major Types: Debt Securities and Equity Securities.
Debt Securities are Also known as fixed-income securities or instruments. The type of assets is formed by establishing contracts between investor and issuer of the asset.
• The first type of Debit securities is BONDS. Bonds are issued by corporations and government (both local and national government).
• The second important type of Debit security is NOTES. Apart from similarities associated with notes and bonds, notes have shorter term maturity.
• The 3rd important type of Debit security is TRESURY BILLS. These securities have short-term ranging from three months, six months, and one year. Issuer of such securities are governments.
• Above discussed debit securities are mostly issued by governments and corporations. CERTIFICATE OF DEPOSITS CDs are issued by Banks and Financial Institutions. Risk factor associated with CDs gets reduced when issued by reputable institutions or Banks.
Following are the risk attached with debt securities: Credit risk, interest rate risk and currency risk
There are no fixed maturity dates in such securities, and asset’s value is determined by company’s performance. There are two major types of equity securities: common stock and preferred stock.
Common Stock: These are simple equity securities and bear no complexities which the preferred stock bears. Holders of such securities or instrument have the voting rights when it comes to select the company’s board of director or the business decisions to be made.
Preferred Stock: Preferred stocks are sometime referred to as hybrid securities, because it contains elements of both debit security and equity security. Preferred stock confers ownership rights to security holder that is why it is equity instrument
<a href="https://www.writofinance.com/equity-securities-features-types-risk/" >Equity securities </a> as a whole is used for capital funding for companies. Companies have multiple expenses to cover. Potential growth of company is required in competitive market. So, these securities are used for capital generation, and then uses it for company’s growth.
Concluding remarks
Both are employed in business. Businesses are often established through debit securities, then what is the need for equity securities. Companies have to cover multiple expenses and expansion of business. They can also use equity instruments for repayment of debits. So, there are multiple uses for securities. As an investor, you need tools for analysis. Investment decisions are made by carefully analyzing the market. For better analysis of the stock market, investors often employ financial analysis of companies.
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
where can I find a legit pi merchant onlineDOT TECH
Yes. This is very easy what you need is a recommendation from someone who has successfully traded pi coins before with a merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi network coins and resell them to Investors looking forward to hold thousands of pi coins before the open mainnet.
I will leave the telegram contact of my personal pi merchant to trade with
@Pi_vendor_247
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
Exploring Abhay Bhutada’s Views After Poonawalla Fincorp’s Collaboration With...beulahfernandes8
The financial landscape in India has witnessed a significant development with the recent collaboration between Poonawalla Fincorp and IndusInd Bank.
The launch of the co-branded credit card, the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card, marks a major milestone for both entities.
This strategic move aims to redefine and elevate the banking experience for customers.
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
1. 23rd GST Council Meet
10 November, 2017
Powered By
Overall
Highlights
Due Date
Changes
GST Rate
Changes
2. 1. GST Rate cut for more than 178 items
2. Composition scheme limit increased to Rs 1.5 crore
3. All service providers exempt from seeking exemption if
turnover under Rs 20 lakhs
4. Only GSTR-1 and GSTR-3B until 31st March 2018
5. Massive relief for small businesses for compliance
6. Relaxation in timelines for almost all GSTR forms
(Changes to be made prospectively from 15th November)
6 Big Decisions
23rd GST Council Meet
Highlights
Date: 10 November 2017 Page 1
3. 1. Composition scheme limit to be increased to Rs 1.5 crore
(can be extended to Rs 2 crore later).
2. 1 % GST rate for manufacturers & traders
3. Composition tax of 1% on turnover of taxable goods
(turnover of exempted goods to be excluded)
4. Those supplying goods and services (services not exceeding
Rs 5 lakhs in total) eligible for compositions scheme
5. Composition Returns, GSTR-4 due date extended to 24th
December
6. Composition dealers cannot make inter-state sales. Input
tax benefit not allowed.
Changes in Composition Scheme
23rd GST Council Meet
Highlights
Date: 10 November 2017 Page 2
4. 1. All businesses to file GSTR-1 and GSTR-3B till March
2018.
2. No GSTR-2 and GSTR-3 filing till March 2018.
3. Turnover under Rs 1.5 Cr to file quarterly GSTR-1.
4. Turnover above Rs 1.5 Cr to file monthly GSTR-1.
5. All businesses to file GSTR-3B by 20th of next month
till March 2018.
Relief in GSTR compliance
23rd GST Council Meet
Highlights
Date: 10 November 2017 Page 3
5. Period (Quarterly) Due Dates
July- Sept 31st Dec 2017
Oct- Dec 15th Feb 2018
Jan- Mar 30th April 2018
Extension of GSTR-1 filing Due Dates
23rd GST Council Meet
Date Change Updates
Date: 10 November 2017 Page 4
For turnover up to Rs 1.5 Cr
For turnover 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
6. 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.
Relief for service providers
23rd GST Council Meet
Highlights
Date: 10 November 2017 Page 5
GST rate cut to 5% with no input tax credit.
Challenges ahead for Restaurants
Other taxpayer relief measures
1. Late Fees reduced - For delayed filing of NIL returns, late
fee reduced from Rs 200 per day to Rs 20 per day.
7. 23rd GST Council Meet
Highlights
Date: 10 November 2017 Page 6
Other taxpayer relief measures (Contd.)
2. 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.
3. Manual filing for Advance Ruling application to be
introduced
4. Export of services to Nepal and Bhutan are exempt from
GST and have now been allowed to claim refund of input
tax credit paid, if any.
5. TRAN-1 can be revised till 31st December 2017. Revision to
be done only once.
6. 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.
8. 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
Others GSTR filing extensions
23rd GST Council Meet
Date Change Updates
Date: 10 November 2017 Page 7
9. 23rd GST Council Meet
Highlights
Date: 10 November 2017 Page 8
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 - guar meal, khandsari sugar, dried
vegetables
▪ Restaurants within hotels (room tariff <7,500- 5% w/o ITC
▪ Restaurants within hotels (room tariff >7,500 ) still 18% w/ ITC
▪ Outdoor catering 18% with ITC