GST all update:

1) Exporters from 10th and 18th of October for July and aug respective refunds to be given. 

2) E wallet for all exporter and notional refund will be given as credit and tax can be paid from it and will start from April 2018 onwards 

3) Merchant Exporters will pay at 0.1 percent

4) All prevailing benefit before GST to continue till 31/03/2018

5) Composition Scheme limit extends to 1 cr from 75 lakhs

6) Turnover less then 1.5 crores to file quarterly returns but pay monthly 

7) 4 points committee setup to report in 15 days 

8) E way Bill to defer it till 1st Jan 2018 on test basis and fully from 1st April 2018

9) RCM deferred till 31st March 2018 as of now. 

10) Service Provider now not applicable for Inter State 

11) TDS TCS from 1/4/2018

12) Advance recvd for turnover up till 1.5 cr turnover not liable to be paid for 

13) Items where reduction
Mango 12 to 5
Khakhra 12 to 5
ITC food packets 5
Unbranded namkeen 5
Unbranded Ayurvedic Medicine. 5
Rubber plastic and paper waste now 5 from 12
Man made yarn now 12 from 18
Stones other then marble now at 12
Stationery major changes
Diesel engine part 18
Pump Parts 18
E waste 5

Services :
Job work Food items Printing Items will now be reduced to 5 percent
Govt Contracts and irrigation project with high labour @5
Leasing abetted by 35 percent so only 65 to be charged if before 1/7

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