GST council major decisions taken today :

1. Tax on clothes reduced to 5% from 12%.
2. 60 items tax reduced to 5% from 12%.
3. Restaurant Tax reduced to 12% from 18% GST.
4. Return to be filed once in quarter not monthly basis.
5. Turnover for composition scheme raised from ₹75 Lakhs to₹ 1 crores.
6. E-way bill provisions deferred till April 2018.
7. Reverse charge to be abolished till 31.03.2018.
8. Quarterly returns for taxpayers with annual turnover less than ₹1.5 crores. Tax to be paid on monthly basis.