GST Diwali bonanza : Rates tweaked, relief for exporters and small traders - ABN
Fri, Oct 06, 2017, 09:52 PM
The GST Council has met today and it announced Diwali bonanza to the exporters and small traders. The GST on pearls and jewellery is lifted, along with removing the mandatory rule of providing the Pan card number, while buying the jewellery above Rs 50,000 / - . The GST is reduced on households also and it is reduced from 12 % to 5 % and the GST is also reduced on food in AC Restaurants from 18 % to 12 % .