GST Council Announces Measures to Help Small Businesses

Context:

GST Council Meeting in Jaisalmer, Rajasthan.

Key Highlights:

• Decisions have been taken with an emphasis on benefit of small-scale sector and to avoid monopolization in markets.
• Mandate be enforced specifying state of online services in bills.
• Issues of tax rate on food in hotels with premium room rents, tax on medicines for specific cancer treatments and late fee on gst returns were discussed.

Goods and Services Tax (GST) and Council Formation