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47th GST Council Meeting Press Release PDF Free Download


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 47th GST Council Meeting Press Release
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 02 Jul 2022
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47th GST Council Meeting Press Release PDF , 47th GST Council Meeting Press Release PDF Download , 47th GST Council Meeting Press Release PDF Download for free using the direct download link given at the bottom of this article. 47th GST Council Meeting Press Release PDF Details , You can download 47th GST Council Meeting Press Releclickingby clicking on the following download link. 47th GST Council Meeting Press Release PDF Download Link , we are going to provide the 47th GST Council Meeting Press Release PDF for all of you. In Chandigarh, the two-day meeting of the Goods and Service Tax (GST) Council started recently. A decision can be taken on the change in the tax rate of some items in this meeting. During this, a decision can also be taken on issues like extending the period of compensation to the states and relief in the registration rules of small e-commerce suppliers. The 47th meeting of the GST Council, chaired by Finance Minister Nirmala Sitharaman, is being held after six months. In the midst of the GST Council meeting, Chhattisgarh’s cabinet minister T Singh Deo wrote a letter to the Finance Minister saying that the compensation should be increased for 5 years. The state has suffered from GST. If the government does not increase the compensation, then the minister has recommended a new system. Instead of 50:50 per cent for CGST and SGST, it has been advised to reduce SGST to 70-80 per cent and CGST to 20-30 per cent. This time a clarification may be issued on GST rates for electric vehicles, in the meeting of the GST Council. According to this meeting EVs, whether equipped with batteries or not, will be taxed at the rate of five percent. Two reports of the group of finance ministers of the states will be presented in the council.

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