InvestorQ : What is major agenda for the next meeting of the GST Council?
diksha shah made post

What is major agenda for the next meeting of the GST Council?

Answer
image
4 weeks ago
Follow

To begin with, the news is that the GST Council is finally meeting after a gap of almost 7 months and that is a lot of unfinished tasks. The Council will meet via video conference on 28 May, as per Nirmala Sitharaman. This meeting will be crucial as key centre-state disputes on GST sharing and timely transmission of state share of revenues will be taken up. Last year, the states were asked to borrow their share of GST revenues.

Apart from other items in the agenda, 2 things stand out. The Council will discuss the all-important issue of GST on petroleum and diesel. However, being a sensitive subject and a major source of state revenues, no decision is expected immediately and the debate could go on for some time. The Council will immediately take up the demand for reduction of GST on COVID inputs and vaccines at the 43rd Council meet, on top priority in these conditions.

0 Views