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46th GST Council meet chaired by FM Nirmala Sitharaman on December 31: Key points that will be discussed today

46th GST Council meet chaired by FM Nirmala Sitharaman on December 31: Key points that will be discussed today

Zee News
Friday, December 31, 2021 05:04:30 AM UTC

GST, which subsumed indirect taxes like excise duty, service tax and VAT, was rolled out on July 1, 2017 and the compensation window ends on June 2022.

New Delhi: Finance Minister Nirmala Sitharaman will on Friday (December 31) preside over the meeting of the 46th Goods and Service Tax (GST) Council in Delhi during which discussion the report of the panel of state ministers on rate rationalisation, proposed GST hike in textile, among other things is expected.  

The 46th meeting of the GST Council, chaired by Sitharaman and comprising state FMs, is scheduled on December 31, with a single agenda to consider Gujarat's demand of putting the rate hike "decision on hold", as also representations received from trade in this regard, said a PTI report.

GST, which subsumed indirect taxes like excise duty, service tax and VAT, was rolled out on July 1, 2017 and the compensation window ends on June 2022.

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