After the December 22 meeting of GST Council, the government has started preparing notifications to give relief to traders and the common man. The notifications will be expectedly released tomorrow. One of the biggest relief from January will come to Savings account and a Jhan Dhan account holders. As per the latest decision of the GST council, such account holders will not have to pay GST on the chequebook, ATM cards, SMS alert and other banking facilities.
They will also benefit from the tax rate reduction on other items. TVs (up to 32 inches), monitors, power banks, digital cameras will get the benefit of tax reduction. Along with this, traders will get relief on the late fee for returns filing. The late fee will not be charged to traders who file their return after 22 December or old returns till March 31.
Check full list of items with GST rate reduction: https://www.zeebiz.com/india/photo-gallery-gst-council-meeting-today-live-update-press-release-full-list-of-items-with-new-gst-rates-slab-77040