Business

GST Council Meeting Starts Today, FM Sitharaman Chairs The Event

The GST Council meeting started today i.e. on Saturday and is likely to discuss the setting up of appellate tribunals, and mechanisms to curb tax evasion in pan masala and gutkha business, among other matters.

Union Finance Minister Nirmala Sitharaman is chairing the 49th meeting of the GST Council.

“Along with the Union Finance Minister, Union Minister of State for Finance Shri @mppchaudhary, besides Finance Ministers of States & UTs (with legislature) and Senior officers from Union Government & States are also attending the meeting,” the finance ministry said in a tweet.

The items, which could not be discussed by the Council in its last meeting on December 17, 2022, would top the agenda of the Saturday meeting, sources said.

The report of the Group of Ministers (GoM), headed by Odisha finance minister Niranjan Pujari, on checking tax evasion by pan masala and gutkha industry is also likely to be taken up for discussion, they said.

A GoM on Goods and Services Tax Appellate Tribunals (GSTATs) was set up in July last year under the chairmanship of Haryana deputy chief minister Dushyant Chautala.

The GoM has suggested that the tribunals should consist of two judicial members, and one technical member each from the Centre and states, besides a retired Supreme Court judge as president.

Also Read: 18 February 2023: Mumbaikars Observe Relief In Petrol-Diesel Price As It Becomes Cheaper, Check Rates Of Metro Cities

Source PTI

Bharat Express English

Recent Posts

Supreme Court To Review Waqf Bill Amid Rising Opposition

The Supreme Court will hear challenges to Waqf Act amendments limiting the Board’s authority over…

1 min ago

Supreme Court Transfers Bihar Bridge Collapse Petition To Patna HC

The Supreme Court has transferred a plea seeking an inquiry into Bihar’s frequent bridge collapses…

14 mins ago

Modi Government Introduce Waqf Amendment Bill In Parliament: A Numbers Game

The second phase of budget session is underway in Parliament, and amidst ongoing protests, the…

23 mins ago

How Your Skin Changes When You Stop Eating Sugar For 30 Days

Cutting sugar from your diet for 30 days can lead to noticeable improvements in your…

30 mins ago

Waqf (Amendment) Bill Will Benefit Muslims, Says All India Muslim Jamaat Chief

On Wednesday, All India Muslim Jamaat chief Maulana Shahabuddin Razvi affirmed the Waqf (Amendment) Bill…

1 hour ago

Waqf (Amendment) Bill 2024: Key Highlights And What It Means For Waqf Properties And Social Welfare

The Union government announced on Tuesday that it will introduce the Waqf Bill in the…

1 hour ago