{"id":2735,"date":"2016-10-01T14:34:30","date_gmt":"2016-10-01T09:04:30","guid":{"rendered":"http:\/\/carajput.com\/blog\/?p=2735"},"modified":"2021-08-13T15:20:51","modified_gmt":"2021-08-13T09:50:51","slug":"highlights-results-of-the-gst-council-meeting-held","status":"publish","type":"post","link":"https:\/\/carajput.com\/blog\/highlights-results-of-the-gst-council-meeting-held\/","title":{"rendered":"HIGHLIGHTS RESULTS OF THE GST COUNCIL MEETING HELD :"},"content":{"rendered":"

HIGHLIGHTS RESULTS OF THE GST COUNCIL MEETING HELD :<\/strong><\/p>\n

\"www.carajput.com;<\/a>
www.carajput.com; GST Council Meeting<\/figcaption><\/figure>\n
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  1. The threshold Annual Exemption Limit fixed at\u00a0\u20b9\u00a020 Lac.<\/li>\n
  2. The threshold limit for the north-eastern and hill states paged at\u00a0\u20b9\u00a010 Lac.<\/li>\n
  3. GST<\/a> rates and tax slabs would be decided at three-day\u2019s meeting during\u00a017-19 Oct, 2016.<\/li>\n
  4. GST rollout slated for 1st\u00a0April, 2017.<\/li>\n
  5. All cesses will be subsumed in the GST<\/li>\n
  6. GST Council’s next meeting\u00a0on 30th Sep, 2016\u00a0to finalise draft GST law \/ rules.<\/li>\n
  7. The state authorities will have jurisdiction over assessees with annual turnover of less than\u00a0\u20b9\u00a01.5 crore.<\/li>\n
  8. Those with turnover of over Rs 1.5 Crores would be cross examination either by officers from the Centre or state to avoid dual control.<\/li>\n
  9. The existing 11 Lac service tax assessees would continued to be assessed by the Centre.<\/li>\n
  10. New assessees which would be added to the list would be divided between the Centre and the States.<\/li>\n<\/ol>\n

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