GST Council meeting: The 50th meeting of the GST Council has started on Tuesday. In this meeting, the Finance Minister can take many big decisions. Apart from online gaming, tax can be reduced on many types of things.
GST Council’s 50th meeting: The Central Government can take a big decision on GST today. The 50th meeting of the GST Council (GST Meeting) has started on Tuesday. Taxation on online gaming, definition of utility vehicles besides tightening rules for registration and input tax credit (ITC) claims are likely to come up for discussion. At the beginning of the meeting being held in the national capital, Finance Minister Nirmala Sitharaman released a short film titled ‘GST Council – 50 steps towards the journey’.
Finance Minister tweeted
The Finance Minister’s Office has tweeted that in the 49 meetings held so far, the council has taken around 1,500 decisions in the spirit of cooperative federalism. It has been said in the tweet that the 50th meeting is a milestone, which indicates the success of cooperative federalism and the establishment of a good and simple tax system.
On the occasion of the 50th meeting of the GST Council, Union Finance Minister Smt. @nsitharaman releases a Special Cover and customised myStamp.
The Special Cover and customised myStamp was presented to the Union FM Smt. @nsitharaman by the Chief Post Master General, Delhi… pic.twitter.com/feTDX5AM6h
— Ministry of Finance (@FinMinIndia) July 11, 2023
Who’s who in the meeting
The GST Council, headed by the Union Finance Minister, also includes the Finance Ministers of the States and Union Territories. In this meeting, things can be cleared by the council regarding GST rates on food items sold in multiplexes.
Can get discount on canceled treatment
Apart from this, GST exemption can be announced on the import of ‘Dinutuximab’, a drug used in the treatment of cancer. The modalities for the constitution of the Appellate Tribunal can also be finalized in the meeting.
