ARTICLE · 10 SEPTEMBER 2018

GST Trends - August 2018

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The GST Council held its 29th meeting on 4 August 2018 with a primary focus on addressing concerns of the Micro, Small & Medium Enterprises (MSME) sector.

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The GST Council held its 29th meeting on 4 August 2018 with a primary focus on addressing concerns of the Micro, Small & Medium Enterprises (MSME) sector. The month of August also witnessed the debate on various issues relating to GST reaching the floor of the Parliament with the Lok Sabha debating and subsequently passing the GST amendment bills.

Top Trends

The 29th Council meeting was held on 4 August 2018 in New Delhi. Key decisions taken during the meeting are:
- Incentives on digital payments in the form of 20% cash back of GST component to be introduced on Business to Consumer (B2C) transactions.
- Ministerial panel has been set up to look into the issues being faced by the MSME sector due to the implementation of GST.

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