But status quo will be maintained

Jaitley said GST on about 30 items have been lowered after anomalies in the fixation of rates were pointed out. "For GSTR-1, 2, 3, we are giving a long rope and we are staggering the return filing date for July," he said.Khadi fabric sold through KVIC stores would be exempted, he said adding inter-state sales where turnover is less than Rs 20 lakh as also for artisans will not need registration.GSTR-2 for July will have to be filed by October 31 and GSTR-3 by November 10. "If you fall in either of two categories, you will pay 5 per cent tax -- one, if on May 15, 2017, you had a registered trade mark you have to pay 5 per cent GST. Hence, many businesses are deregistering their brands to avoid the levy.Some businesses were deregistering their brands and selling under corporate brand name, creating inequality of trade, "so we amended the rule", he said.

But status quo will be maintained on small petrol diesel cars, so even if it has got cheaper let consumers enjoy the benefit," Jaitley said. GSTN on "two-three occasions got overloaded. Two, if you have a mark or a name on which you are entitled to maintain actionable claim or exclusivity, then you have to pay 5 per cent," Jaitley added.Similar dispensation for certain categories of job work, excluding gold, has also been approved.Revenue Secretary https://www.ouqilighter.com/product/wheel-lighter/oq-702.html China Wheel lighter Hasmukh Adhia said the council has decided that GSTR-3B will be filed for four more months till December. "Small petrol and diesel cars enjoyed a tax advantage of 3 per cent post GST. "Even though we had a headspace of hiking cess by 10 per cent, it has been hiked by 7 per cent," the finance minister said.Under the GST, which replaced over a dozen central and state levies in the biggest tax reform since independence, cars attract the top tax rate of 28 per cent.