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July 27th, 2019 saw the 36th GST Council Meeting through a video conference. The meeting was primarily called to decide GST rate cut on electric vehicles that are currently taxed at 12%. The council was also likely to decide the valuation of goods and services in solar power generating systems and wind turbine projects for the purposes of levying GST.
Here's a graphical representation of the crucial decisions taken during the 36th GST Council Meeting.
Need detailed information about the changes? Read on...
GSTN Issues Advisory on Reporting 6% Rate In GSTR-1
How to Calculate and Improve Your Retail Profit Margins
What Are Different Types of Invoices?
What is Material Requirements Planning and Manufacturing Resource Planning Software?
The Evolution of DPI Over the Years
What is Expense Analysis & How to Analyze Business Account