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%