Key decisions in GST Council Meeting on 22nd December.discussion

1. Slimming of the 28% GST Slab-

 a) Cement is expected to move down from 28% to 18%

.b) Computer Monitor

.c) Power Banks.

d) Third Party Vehicle Insurance

e) Automobile Tyres.

2. Rate Cuts in the Housing Sector- GST rates for real estate to be brought down from 12% to 8%.

3. Further simplifying the Annual Returns i.e. Form GSTR 9.

4. Driving the completely online refunds process.

5. Decision to be taken on introducing Sugar Cess and Exigency / Disaster Cess based on the reports submitted by the sub-committees formed for analysing the same.

6. Deliberations on bringing Petrol and Diesel in the GST fold.