Annual return date extended till June 30, 2019
No late fees for filing till 31 March 2018
33 Items Moved From 18% GST Slab To 12%, 5%
A movie tickets rates in different slabs 1. Tickets below ₹100 from 18 % to 12 % . 2. Tickets above ₹100 reduced from 28% to 18% . Hope Theatre Owners will pass the benefit on to the audiences. Revenue implication for reduction in cinema tickets is Rs 900 crore.
Television sets, video games and powerbanks among 7 items brought down from 28% slab
A composition scheme will be framed for small service suppliers.
Some of the issues on taxation on residential properties will be discussed in next meet in January.
Except 13 auto parts and cement, rates on all items have been reduced.
Monitors and screen up to 32 inches, gear boxes, retreated tyres, power banks of lithium ion batteries, video games and other sports related items have been reduced from 28 percent to 18 percent.
GST rate on special flights for pilgrims lowered for economy at 5 percent and business class at 12 percent.
new GST return form to be introduced on a trial basis from April 1