Quarterly returns for SMEs, Composition threshold raised; Rate cut for AC restaurants, decides Council

GST Council decides to raise composition scheme limit to Rs 1 Cr; E-Waybill to be rolled out from April 2018; While Council decides in-principle to bring down rate for AC restaurants to 12%, a Group of Ministers shall come up with mechanism to cut GST in 10 days; SMEs with annual turnover upto Rs 1.5 Cr allowed to file quarterly returns; Next meeting to be held on November 9 & 10 in Guwahati : CNBC TV-18...