{"id":8321,"date":"2019-12-19T05:52:52","date_gmt":"2019-12-19T00:22:52","guid":{"rendered":"http:\/\/udaen.info\/?p=8321"},"modified":"2019-12-19T05:52:52","modified_gmt":"2019-12-19T00:22:52","slug":"gst-councils-decisions-on-rate-changes","status":"publish","type":"post","link":"https:\/\/udaen.info\/?p=8321","title":{"rendered":"GST Council\u2019s decisions On Rate Changes"},"content":{"rendered":"<div>GST Council\u2019s decisions On Rate Changes<\/p>\n<\/div>\n<div>\n<p>The 38<sup>th<\/sup>\u00a0meeting of the GST Council met under the Chairmanship of the Union Minister for Finance &amp; Corporate Affairs Smt. Nirmala Sitharaman here today. The meeting was also attended by the Union Minister of State for Finance &amp; Corporate Affairs Shri Anurag Thakur\u00a0 besides Finance Ministers of States &amp; UTs and senior officers of Ministry of Finance.\u00a0 The GSTCouncil recommended the following\u00a0relating to changes in GST rates, exemptions.<\/p>\n<p>&nbsp;<\/p>\n<ol>\n<li>To exempt upfront amount payable for long term lease of industrial\/ financial infrastructure plots by an entity having 20% or more ownership of Central or State Government. Presently, the exemption is available to an entity having 50% or more ownership of Central or State Government. This change shall become effective from 1<sup>st<\/sup>\u00a0January, 2020.<\/li>\n<\/ol>\n<p>&nbsp;<\/p>\n<ol start=\"2\">\n<li>To levy a single rate of GST @ 28% on both State run and State authorized lottery. This change shall become effective from 1<sup>st<\/sup>\u00a0March, 2020.<\/li>\n<\/ol>\n<p>&nbsp;<\/p>\n<ol start=\"3\">\n<li>The Council also considered the rate of GST rate on Woven and Non-Woven Bags and sacks \u00a0of polyethylene or polypropylene strips or the like , whether or not laminated, of a kind used for packing of goods ( HS code 3923\/6305)in view of the requests received post the changes recommended on such goods in last meeting and recommended to raise the GST to a uniform rate of 18%(from 12%) on all such bags falling under HS 3923\/6305 including Flexible Intermediate Bulk Containers (FIBC). This change shall become effective from 1<sup>st<\/sup>\u00a0January, 2020.<\/li>\n<\/ol>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>GST Council\u2019s decisions On Rate Changes The 38th\u00a0meeting of the GST Council met under the Chairmanship of the Union Minister for Finance &amp; Corporate Affairs Smt. Nirmala Sitharaman here today. The meeting was also attended by the Union Minister of State for Finance &amp; Corporate Affairs Shri Anurag Thakur\u00a0 besides Finance Ministers of States &amp; [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"_monsterinsights_skip_tracking":false,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[21],"tags":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/udaen.info\/index.php?rest_route=\/wp\/v2\/posts\/8321"}],"collection":[{"href":"https:\/\/udaen.info\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/udaen.info\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/udaen.info\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/udaen.info\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8321"}],"version-history":[{"count":1,"href":"https:\/\/udaen.info\/index.php?rest_route=\/wp\/v2\/posts\/8321\/revisions"}],"predecessor-version":[{"id":8322,"href":"https:\/\/udaen.info\/index.php?rest_route=\/wp\/v2\/posts\/8321\/revisions\/8322"}],"wp:attachment":[{"href":"https:\/\/udaen.info\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8321"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/udaen.info\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8321"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/udaen.info\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8321"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}