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GST Updates:

    1. Quarterly Returns approved for taxpayers with turnover less than Rs 5cr (tax payments to continue on monthly basis)

    2. Sanitary Napkins exempted from GST going forward

    3. No decision on 1% sugar cess

    4. GST on bamboo flooring reduced to 12%

    5. GST on hotels would now be on actual tariff & not declares tariff

    6. Ethanol for Oil Marketing Companies now at 5% vs 18% earlier

    7. 5% GST ceiling on footwear raised from Rs 500 to Rs 1000

    8. GST on paints & varnishes, wall putty cut from 28% to 18%

    9. GST on all leather items cut from 28% to 18%

    10. GST on consumer electronics – TV (up to 27″), Washing Machine, Refrigerator, mixer, juicer, grinder cut from 28% to 18%

    11. GST on special purpose vehicles, work truck, trailer cut from 28% to 18%

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