GST Council to meet on Sept 9, to start discussion on rate rationalisation

Rate this post

The meeting is expected to start discussion on rate rationalisation, reducing tax slabs, besides removing duty inversion under GST | File image




The GST Council, chaired by Union Finance Minister Nirmala Sitharaman, will meet on September 9.

“The 54th Meeting of GST Council will be held on 9th September, 2024 at New Delhi,” the Council said in a post on X.

The GST Council, comprising finance ministers of Centre and states, is the apex decision making body with regard to Goods and Services Tax (GST), which was rolled out on July 1, 2017.

The meeting is expected to start discussion on rate rationalisation, reducing tax slabs, besides removing duty inversion under GST.

After the previous Council meeting on June 23, Sitharaman had said the next meeting of the GST Council the Group of Ministers (GoM) on rate rationalisation under Bihar Deputy Chief Minister Sumant Chaudhary, will give a presentation on the status of the work and aspects covered by the panel and work pending before the panel.

“There will be a presentation by the GoM irrespective of whether the report is draft… and then Council will start the discussion on rate rationalisation in the next meeting,” Sitharaman had said.

Source link

Visit www.cagurujiclasses.com for practical courses




Pooja Gupta

CA Pooja Gupta (CA, ISA, M.com) having 15 years of experience. Educator and Digital Creator

Disclaimer:- The opinions presented are exclusively those of the author and CA Guruji Classes. The material in this piece is intended purely for informational purposes and for individual, non-commercial consumption. It does not constitute expert guidance or an endorsement by any organization. The author, the organization, and its associates are not liable for any form of loss or harm resulting from the information in this article, nor for any decisions made based on it. Furthermore, no segment of this article or newsletter should be employed for any intention unless granted in written form, and we maintain the legal right to address any unauthorized utilization of our article or newsletter.

CA Pooja Gupta (CA, ISA, M.com) having 15 years of experience. Educator and Digital Creator

Leave a Comment