20th GST Council Meeting held on 05th August, 2017 at Vigyan Bhavan,New Delhi

With the series of GST Meetings, the 20th GST Council Meeting held in Vigyan Bhavan, New Delhi. The abstract of the meeting is as below:
1: Job work services in respect of the textiles and textile products (includingMMF yarn, garments, made-ups, etc. falling in Chapters 50 to 63) are fixed at 5 percent tax rate against the 18 percent earlier.
2: Services by way of printing of newspapers, books (including Braille books),journals and periodicals where only content is supplied by the publisher and the physical inputs including paper used for printing belongs to the printer are now fixed at 12 percent with full ITC against the 18 percent with full ITC proposed earlier.
3: Services by way of printing of newspapers, books (including Braille books), journals and periodicals using physical inputs owned by others (including an    unregistered publisher/supplier) have been fixed at 5 percent with full ITC againt the 18 percent with full ITC.
4: Works contract services provided to Government, local authority or governmental authority and in respect of post-harvest storage infrastructure for agricultural produce, mechanized food grain handling system have been fixed at 12 percent with full ITC against the 18 percent with full ITC.
5: Margin/commission payable to Fair Price Shop Dealers by Central/ State Governments have been categorised as NIL rated against the 18 percent with full ITC proposed earlier.
6: Admission to planetarium shall now attract 18 percent with full ITC against the 28 percent with full ITC proposed earlier.
7: Rent - a -  Cab Service have been allowed an option of 12 percent with full ITC. Moreover, 5 percent GST with no ITC will also continue.
8: Goods Transport Agency Service (GTA) shall attract option of 12 percent GST with full ITC under forward charge. Further, 5 percent GST with no ITC will also comtinue. ( However, the GTA has to give an option at the beginning of the financial year).
9: Goods required by FIFA and Services provided by and to FIFA and its subsidiaries in connection with FIFA U-17 World Cup to be hosted in India in 2017 shall be exempted from GST.
10: New crop insurance schemes Pradhan Mantri Fasal Bima Yojana (PMFBY) introduced from Kharif 2016- 17 in place of National Agricultural Insurance Scheme (NAIS) and Modified National Agricultural Insurance Scheme (MNAIS), and Restructured Weather Based Crop Insurance Scheme (RWCIS) introduced in place of Weather Based Crop Insurance Schemes , shall be extended exemption from GST.
11: GST Council finalised the e-way bill that mandates pre-registration of all goods worth over Rs 50,000 before they are moved for sale beyond 10 km.
12: Hon'bl Finance Minister Arun Jaitley said, The Council decided to implement E-way bill across country. There will be no check posts and process will be technology driven".
13: Arun Jaitley further added, "There was a long discussion on anti profiteering. Some industries not giving benefit of input tax credit. We want market mechanism to compel them to pass on the benefit".