GST Council to meet virtually on December 17

GST Council to meet virtually on December 17

Union Finance Minister Nirmala Sitharaman will chair the meeting. File. | Photo Credit: PTI The 48th meeting of the GST Council, chaired by Union Finance Minister Nirmala Sitharaman, will be held on December 17. “The 48th Meeting of the GST Council will be held on 17th December, 2022 by video conference,” the GST Council said […]

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GST Council meeting in August to decide on extension of compensation to States: Karnataka CM

GST Council meeting in August to decide on extension of compensation to States: Karnataka CM

After incurring huge revenue loss in the two years of the COVID-19 pandemic, States have sought an extension of the compensation mechanism for another five years, till 2027 After incurring huge revenue loss in the two years of the COVID-19 pandemic, States have sought an extension of the compensation mechanism for another five years, till […]

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States’ compensation, easier e-com vendor registration norms, tax tweaks on the cards in GST Council meeting

States’ compensation, easier e-com vendor registration norms, tax tweaks on the cards in GST Council meeting

The GST Council in its two-day meeting starting Tuesday is slated to discuss an array of issues, including a mechanism for compensating States for revenue loss, tax rate tweaks in some items and relaxed registration norms for small online suppliers. Further, the Council, chaired by the Union Finance Minister and comprising State counterparts, will also […]

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