TaxTMI 
TaxTMI 
27th GST council meeting discusses change in GST rate for digital transactions and imposition of Sugar Cess
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....7th GST council meeting discusses change in GST rate for digital transactions and imposition of Sugar Cess <br>GST<br>Dated:- 4-5-2018<br><BR>1. Incentive to promote Digital Transactions: (a) Keeping....
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.... in view the need to move towards a less cash economy, the Council has discussed in detail the proposal of a concession of 2% in GST rate [where the GST rate is 3% or more, 1% each from applicable CGS....
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....T and SGST rates] on B2C supplies, for which payment is made through cheque or digital mode, subject to a ceiling of ₹ 100 per transaction, so as to incentivise promotion of digital payment. (b....
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....) The council has recommended for setting up of a Group of Ministers from State Governments to look into the proposal and make recommendations, before the next Council meeting, keeping in mind the vie....
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....ws expressed in GST Council. 2. Imposition of Sugar Cess over and above 5% GST and reduction in GST rate on ethanol: (a) Keeping in view the record production of sugar in the current sugar season, a....
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....nd consequent depressed sugar prices and build-up of sugarcane arrears, the Council discussed the issue of imposition of sugar cess and reduction in GST rate on ethanol in great detail. (b) The counc....
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....il has recommended for setting up of a Group of Ministers from State Governments to look into the proposal and make recommendations, within two weeks, keeping in mind the views expressed in GST Counci....
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....l in this regard.<BR> News - Press release - PIB....