https://www.taxtmi.com/article/detailed?id=7716 The Council recommended broad GST rate rationalisation reducing many higher rated goods into lower slabs, moved several items to nil or concessional rates, and pruned the highest rate list. It expanded IGST/GST exemptions for specified imports and supplies (including lifesaving medicines, research institution procurements and ATA carnet temporary imports), clarified supply characterisations and reverse charge liability for raw cotton, and adjusted compliance measures-composition scheme rates and thresholds, return filing schedules, waiver and re crediting of certain late fees, and extensions of input tax credit and filing deadlines. en-us Tue, 14 Nov 2017 04:56:06 +0530 Tue, 14 Nov 2017 04:56:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7716 The Council recommended broad GST rate rationalisation reducing many higher rated goods into lower slabs, moved several items to nil or concessional rates, and pruned the highest rate list. It expanded IGST/GST exemptions for specified imports and supplies (including lifesaving medicines, research institution procurements and ATA carnet temporary imports), clarified supply characterisations and reverse charge liability for raw cotton, and adjusted compliance measures-composition scheme rates and thresholds, return filing schedules, waiver and re crediting of certain late fees, and extensions of input tax credit and filing deadlines. Articles Goods and Services Tax - GST Tue, 14 Nov 2017 04:56:06 +0530 https://www.taxtmi.com/article/detailed?id=7716