GST Council revises service rates; GTA can discharge 12% GST under forward charge

GST Council at its 20th meeting, reduces rates on various services, including job-work services in respect of textiles and textile products from 18%/5% to 5%; For rent-a-cab service, allows an option of 12% GST with full ITC, while 5% with no ITC will also continue; Similarly, Goods Transport Agency has an option (to be exercised at FY beginning) of 12% GST with full ITC under forward charge, 5% GST with no ITC will also continue; Works contract services provided to Governmen...