The 49th meeting of the GST Council was held on 18th February in New Delhi.
The meeting, chaired by Finance Minister Nirmala Sitharaman, discussed setting up of appellate tribunals and mechanisms to prevent tax evasion in the pan masala and gutkha business.
After the Union Budget was presented earlier this month, the GST Council meeting has offered to extend the 50-year interest-free loan to states for one more year.
Government of India to clear entire pending balance GST compensation of Rs. 16,982 crore for June’2022.
GST Council adopts report of Group of Ministers (GoM) on GST Appellate Tribunal with certain modifications.
GoM report on Capacity Based Taxation and Special Composition Scheme in certain Sectors on GST approved. Changes in GST rates of “Rab” and Pencil Sharpner.
