New GST Rates List - Govt. issues updated schedule of CGST Rates

New GST Rates List - Govt. issues updated schedule of CGST Rates

The GST Council held its 23rd meeting in Guwahati and in finish of the meeting we became acquainted with that the board has chopped down rates 178 things from 28% to 18%. So for the simplicity of reference, the Govt. has issued the refreshed calendar of CGST rates on merchandise as on November 15, 2017. 

You can download the timetable of new rates from here - Download Now 

Principle Outcomes of the board: 

GSTCouncil brought all AC and non-AC eateries in the 5% GST section without the information impose credit (ITC) 

Just 50 things, generally bad mark, sin and extravagance merchandise will be in the 28% assessment section. 

Citizens with turnover up to Rs 1 crore should record solicitations once every quarter. 

GSTR-3B will proceed until March 2018. 

Punishment for Nil GST return will be Rs 20. 

For Other than Nil Return the Penalty would be Rs. 50 Per Day. 

Yearly turnover qualification for piece plan will be expanded to Rs 2 crore from the present furthest reaches of Rupees 1 crore. 

There will be a uniform rate of expense at 1% under arrangement conspire for makers and merchants. 

Expense on diabetic nourishment, pasta, curry glue, mayonnaise and serving of mixed greens dressings, blended fixings and blended flavoring, dense drain, exhibitions outlines was brought down to 12%. 

Lower 18% GST will be imposed on biting gums, chocolates, post-shaving astringent, antiperspirant, washing power, cleanser, marble.


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