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{"id":4280,"date":"2018-05-06T11:16:48","date_gmt":"2018-05-06T05:46:48","guid":{"rendered":"https:\/\/taxclick.org\/?p=4280"},"modified":"2018-05-06T11:17:43","modified_gmt":"2018-05-06T05:47:43","slug":"gst-rate-digital-transactions-imposition-sugar-cess-27th-gst-council-meeting","status":"publish","type":"post","link":"https:\/\/taxclick.org\/type\/gst\/gst-rate-digital-transactions-imposition-sugar-cess-27th-gst-council-meeting\/","title":{"rendered":"GST rate for digital transactions and imposition of Sugar Cess – 27th GST council meeting"},"content":{"rendered":"
    \n
  1. \n

    Incentive to promote Digital Transactions:<\/u><\/strong><\/h2>\n<\/li>\n<\/ol>\n

     <\/p>\n

      \n
    1. Keeping in view the need to move towards a less cash economy, the Council has discussed in detail the proposal of a concession of 2% in GST rate [where the GST rate is 3% or more, 1% each from applicable CGST and SGST rates] on B2C supplies, for which payment is made through cheque or digital mode, subject to a ceiling of Rs. 100 per transaction, so as to incentivise promotion of digital payment.<\/li>\n<\/ol>\n
        \n
      1. The council has recommended for setting up of a Group of Ministers from State Governments to look into the proposal and make recommendations, before the next Council meeting, keeping in mind the views expressed in GST Council.<\/li>\n<\/ol>\n

         <\/p>\n

        2.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Imposition of Sugar Cess over and above 5% GST and reduction in GST rate on ethanol:<\/u><\/strong><\/h2>\n

         <\/p>\n

          \n
        1. Keeping in view the record production of sugar in the current sugar season, and consequent depressed sugar prices and build-up of sugarcane arrears, the Council discussed the issue of imposition of sugar cess and reduction in GST rate on ethanol in great detail.<\/li>\n
        2. The council has recommended for setting up of a Group of Ministers from State Governments to look into the proposal and make recommendations, within two weeks, keeping in mind the views expressed in GST Council in this regard.<\/li>\n<\/ol>\n

          Source:PIB<\/p>\n","protected":false},"excerpt":{"rendered":"

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