The daily 25th GST Council Meeting ended in Delhi. Finance Minister Arun Jaitley will continue to focus on the e-way bill, mixed scheme and 3b return filing at the meeting. The revised rates may be applicable from January 25, 2018, he said.

Interested to know more news – Yes Bank aims to provide for 60% of NPAs by June; sees IBC unlocking pent-up credit demand

Here are the key points GST meet concludes:

1. The A-Way bill system will continue until January 25.

2. 3B Returns may continue to be filed and suppliers can continue loading invoices.

3. 15 States agree on the intra-state e-way bill.

4. The decision on petroleum products was postponed.

5. No decision is made on real estate.

6. Handling handicraft items 0% slab. GST rates have also declined in some agricultural products.

7. The GST Council also discussed how buyers should buy invoices to buy, and sellers should upload invoices for sale.

8. Collection of Rs 307 crores under mixed scheme

9. The Fit Committee solves the rates for approximately 40 handicraft items.

10. List some more items on the list.

11. Integrated GST 35,000 crores will be temporarily divided between the Central and the States.

12. Revised rates of 29 items, 53 services categories.

Interested to know more news – GST rate changed for 29 goods, 53 categories; filing returns to be made simpler