GST COUNCIL
DECISION TAKEN IN 22ND GST COUNCIL MEETING
1. Composition Scheme Limit enhanced to Rs. 1.00 Cr with 1% Tax for Traders, 2% for Manufacturers & 5% for Restaurant.
2. Filing of Returns up-to Turnover of Rs. 1.50 Cr – Quarterly (Non Composition Assesses)
3. Refund to Exporters – To be Started from 10.10.2017 for July Month & 18.10.2017 for August Month manually
4. From now On wards Refund will be granted immediately after filing the Return to the Exporters
5. Postponement of RCM till Date. 31.03.2018
6. E way Bill implementation postponed till April 2018
7. PAN not needed for Jewelry below Rs. 2.00 Lacs
8. 5 Member Committee to be Constituted for review of Rate of GST for Restaurant & Inter State Sales Transaction for Composition Assesses and Exclusion of Exempted Goods from Total Turnover and ITC to Manufacturers opting Composition Scheme
9. E-Wallet Facility to Exporters from April 2018
10. Advance Licence Holder, 100% EOU, & EPCG Holder can export
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