Eight decisions of the GST Council to impact businesses: EY

The Goods and Services Tax (GST) Council on Monday could not resolve the vexed compensation cess issue and deferred the matter for the next meeting that will be held on October 12.  However, the Council took some other decisions that will have an impact on businesses.  Consultancy firm EY India summarises the other decisions taken by the Council on Monday 1. Levy of GST compensation cess…