HYDERABAD: The GST Council today exempted artisans and folk artists with an annual turnover of up to Rs 20 lakh from registration under the just introduced Goods and Services Tax (GST).
West Bengal Finance Minister Amit Mitra said besides exempting artisans, the 21st meeting of the highest decision making body of the GST exempted clay idols from the tax.
Also, no registration would be required for inter-state job works, he said.
“For artisans, artists, folk arts and tribal arts, no registration will be required up to Rs 20 lakh (turnover). Clay idols are exempt now,” he said, adding that “job work inter-state, you don’t need any registration now up to Rs 20 lakh turnover.”
On Government work contract, the tax rate has been reduced to 12 per cent from 18 per cent. “That will save Government a lot of tax.” (AGENCIES)
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