https://www.taxtmi.com/article/detailed?id=7425 The Council approved seven draft rules covering Registration, Payment, Refund, Invoice, Debit & Credit Note, Input Tax Credit, Valuation and Composition, referred draft rules on Transitional Provisions and Returns for legal vetting, and broadly assigned goods to nil, 5%, 12%, 18% and 28% slabs while deferring six goods categories and service rate fitment; a separate GST Compensation Cess schedule for demerit and luxury items was also proposed, with both schedules published subject to further vetting. en-us Sat, 20 May 2017 08:45:07 +0530 Sat, 20 May 2017 08:45:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7425 The Council approved seven draft rules covering Registration, Payment, Refund, Invoice, Debit & Credit Note, Input Tax Credit, Valuation and Composition, referred draft rules on Transitional Provisions and Returns for legal vetting, and broadly assigned goods to nil, 5%, 12%, 18% and 28% slabs while deferring six goods categories and service rate fitment; a separate GST Compensation Cess schedule for demerit and luxury items was also proposed, with both schedules published subject to further vetting. Articles Goods and Services Tax - GST Sat, 20 May 2017 08:45:07 +0530 https://www.taxtmi.com/article/detailed?id=7425