https://www.taxtmi.com/article/detailed?id=8741 GST Council recommended targeted rate changes, exemptions and sectoral concessions effective 1 October 2019: reductions and exemptions for specified goods (including certain fastener parts, marine fuel, wet grinders, tamarind, leafware, semi precious stones), selective rate increases to address ITC accumulation, standardisation of rates on polypropylene/polyethylene bags, temporary concessional measures for specified periods, and a mechanism to tax non serviceable petroleum goods at a higher rate upon certification. Measures for exports, nominated agency nil rating for precious metals, facilitation for temporary aircraft part imports, restrictions on compensation cess refunds, and technical classification clarifications were also recommended. en-us Wed, 25 Sep 2019 06:39:47 +0530 Wed, 25 Sep 2019 06:39:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=8741 GST Council recommended targeted rate changes, exemptions and sectoral concessions effective 1 October 2019: reductions and exemptions for specified goods (including certain fastener parts, marine fuel, wet grinders, tamarind, leafware, semi precious stones), selective rate increases to address ITC accumulation, standardisation of rates on polypropylene/polyethylene bags, temporary concessional measures for specified periods, and a mechanism to tax non serviceable petroleum goods at a higher rate upon certification. Measures for exports, nominated agency nil rating for precious metals, facilitation for temporary aircraft part imports, restrictions on compensation cess refunds, and technical classification clarifications were also recommended. Articles Goods and Services Tax - GST Wed, 25 Sep 2019 06:39:47 +0530 https://www.taxtmi.com/article/detailed?id=8741