GST Council brings relief to the transport sector.

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HIGHLIGHTS

  • On wednesday the goods and services tax Council gave some relief to the transport sector slashing GST on ropeways, renting of goods carriage including exempting the foreign component of the tour packa
  • Council has a also abandoned the compulsory registration norms for small business with annual turnover of Rs.40,00,000 and 20 lakhs for goods and services respectively.
  • Good transportation operators by road and now it will have flexibility for paying GST at 5% without ITC. The operator can switch from one to another beginning of financial year. Currently goods by a r

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