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GST Council Recommends 2% Concession In Tax Rates In Case Of Digital Payments
GST Network will become a 100% government entity, the Council decided Currently five private enterprises hold 51% stake in the GST network As of now, the central government holds 24.5% equity in the GST Network
04 May 2018, 08:36 PM IST 
GST Council's 27th meet was held on Friday via video conferencing
The 27th GST (Goods and Services Tax) Council on Friday proposed a concession of 2% in GST rate (where the GST rate is 3% or more, 1% each from applicable Central GST and State GST rates) on B2C supplies, for which payment is made through cheque or digital mode. However, this is subject to a ceiling of Rs 100 each transaction, so as to incentivise promotion of digital payment. The GST council has recommended for setting up of a Group...
