GST cut good news for Small businesses

Yesterday GSt council announced new rules with cut in GST. New rules are as following:

Before % New %
Sliced dried mango 12 5
Unbranded Namkeen 12 5
Unbranded Ayurvedic medicine 12 5
Stationary Items 28 18
Some parts of pumps 28 18
Manmade yarn 18 12



Small Businesses:
When initialy GST announced Small Businesses with sale up to Rs.1.5 should fill their TAX on monthly basis, but now with GST rules they can fill their TAX on every 3 months.

Gold:
Before customers has to provide their PAN card copy of purchase more than 50,000 but now they do not need provide any ID proof upto 2 lakh.

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