Goods and Services Tax – GST Dated:- 18-12-2019 – News – PRESS RELEASE (On Rate Changes) GST Council in the 38 th meeting held on 18 th December, 2019 at New Delhi took following decisions relating to changes in GST rates, exemptions, – To exempt upfront amount payable for long term lease of industrial/ financial infrastructure plots by an entity having 20% or more ownership of Central or State Government. Presently, the exemption is available to an entity having 50% or more ownership of Central or State Government. This change shall become effective from 1 st January, 2020. To levy a single rate of GST @ 28% on both State run and State authoriz
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =