HIGHLIGHTS OF BUDGET 2019 *Tax* 1. Within 2 years, Tax assessment will be done electronically 2. IT returns processing in just 24 hours 3. Minimum 14% revenue of GST to states by Central Govt. 4. Custom duty has abolished from 36 Capital Goods 5. Recommendations to GST council for reducing GST rates for home buyers 6. *Full Tax rebate upto 5 lakh annual income after all deductions.* 7. Standard deduction has increase from 40000 to 50000 8. Exempt on tax on second self-occupied house 9. Ceiling Limit of TDS u/s 194A has increased from 10000 to 40000 10. Ceiling Limit of TDS u/s 194I has increased from 180000 to 240000 11. Capital tax Benefit u/s 54 has increased from investment in one residential house to two residential houses. 12. Benefit u/s 80IB has increased to one more year i.e. 2020 13. Benefit has given to unsold inventory has increased to one year to two years. *Other Areas* 14. State share has increased to 42% 15. PCA restriction has abolished
GST Rates & HSN Codes on Aquatic Animals - Fish Fillets & Other Fish Meat HSN Code Description Rate (%) Effective From CESS (%) Related Export / Import HSN Code 0301 Live fish. NIL 28/06/2017 03011100, 03011900, 03019100, 03019200, 03019300, 03019400, 03019500, 03019900 0302 Fish, fresh or chilled, excluding fish fillets and other fish meat of heading 0304 NIL 28/06/2017 03021100, 03021300, 03021400, 03021900, 03022100, 03022200, 03022300, 03022400, 03022900, 03023100, 03023200, 03023300, 03023400, 03023500, 03023600, 03023900, 03024100, 03024200, 03024300, 03024400, 03024500, 03024600, 03024700, 03024900, 03025100, 03025200, 03025300, 03025400, 03025500, 03025600, 03025700, 03025900, 03027100, 03027200, 03027300, 03027400, 03027900, 03028100, 03028200, 03028300, 03028400, 03028500, 030289, 03028910, 03028920, 03028930, 03028990, 03029000, 030291, 03029110, 030292, 03029210, 030299, 03029910, 03029990 0303 Fish, frozen, excluding fish fillets and other fish meat of he