GST council meet: Small & medium traders to file quarterly, not monthly, returns

GST on unbranded ayurvedic medicines reduced from 12% to 5%: Jaitley

Members wanted to revisit tax structure of restaurants with more than Rs 1 cr turnover, will be reviewed: Jaitley

Man-made yarn was taxed at 18 %, it has been put in 12% slab, will have effect on textiles: FM Jaitley

Traders to pay 1%, manufacturers 2% & restaurants 5% under composition scheme: FM Jaitley

Finance minister Arun Jaitley says 90 per cent of assessees have turnovers of less than Rs 1.5 crore a year

Assessees with turnovers of less than Rs 1.5 crore a year have to file quarterly, and not monthly, returns

Finance minister Arun Jaitley exempts exporters from GST till March 31, 2018

Refund cheques for July exports, will be processed by 10 Oct & refund cheques for Aug exports, will be processed by 18 Oct: Jaitley

The limit for turnover in compensation scheme raised from Rs.75 lakh to Rs. 1 crore: FM Arun Jaitley

There has been blockage in credit of exporters which affects their cash liquidity, says finance minister Arun Jaitley

Jaitley is addressing the media after a meeting of the GST council

GST council meet: Small and medium traders with turnovers of up to Rs 1.5 crore to file quarterly, and not monthly returns

Any person buying jewellery above Rs 50,000 will not be required to submit PAN or Aadhar card details

The government has revoked the GST notification on gems and jewellery. 

A separate notification will be issued separately after due consideration. 

The GST (goods and services tax) Council met Friday to discuss ways to provide relief to small and medium traders, and to exporters.