GST Council decisions relating to changes in GST rates, exemptions in the 38th meeting held on 18th December, 2019 of the GST Council
GST
Dated:- 18-12-2019
PRESS RELEASE
\n (On Rate Changes)
\n GST Council in the 38th meeting held on 18th December, 2019 at New Delhi took following decisions relating to changes in GST rates, exemptions, –
\n * 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 1st January, 2020.
\n * To levy a single rate of GST @ 28% on bot<\/p>\n
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