GST RE­FORM IN OVER­DRIVE

Mint Asia ST - - News - THE ROAD AHEAD PRE­VI­OUS SOPS

Higher an­nual sales limit for com­pul­sory reg­is­tra­tion, up from 20 lakh

Flat tax rate for small ser­vice sup­pli­ers un­der the com­po­si­tion scheme

Tax rate cut on sale of un­der-con­struc­tion flats treated as work con­tracts Even­tual con­ver­gence of 12% and 18% slabs Tax cut on ce­ment and auto parts from 28%

Tax cuts on 22 items, in­clud­ing TVS, cam­eras, frozen veg­eta­bles and movie tick­ets

Ex­ten­sion of due date for var­i­ous re­turn forms, au­dit re­ports

In­ter­est on tax dues to be com­puted af­ter ad­just­ing for tax re­bates

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