Decoded: What GST Council decided for taxpayers, big and small

Here's a look at the most important decisions and what they mean for the average taxpayer.

The coverage of the decisions by the Goods and Services Tax Council in its 42nd meeting on Monday has focused on the compensation to states. While important, this doesn’t have a day-to-day impact on the taxpayer. A number of other decisions taken by the Council do, however. It’s been three years since GST rolled out and the Council clearly feels that it is time to implement those features that were originally envisaged but were kept in abeyance. 

Here’s a look at the most important ones and what they mean for the average taxpayer.

What else was decided during the GST