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

Acharya Pramod Krishnam Slams Congress Over ‘Internal Emergency’ Allegation

Acharya Pramod Krishnam, stirred political debate by claiming an 'internal emergency' still exists within the…

15 mins ago

MRM Meeting: Pledge for Global Peace, Green India, De-addiction & Democratic Integrity

Taking a crucial step toward positive transformation, social reform, and global peace, the Muslim Rashtriya…

21 mins ago

India To Host 2029 World Police & Fire Games; Amit Shah Hails Global Recognition

India has been chosen to host the prestigious 2029 World Police and Fire Games in…

30 mins ago

Seeing The Lord Among Devotees Is The Pinnacle Of Humility: Gautam Adani At Rath Yatra

Gautam Adani, along with his wife and Karan, participated in the Rath Yatra in Puri,…

3 hours ago

PM Modi Interacts With Group Captain Shubhanshu Shukla Aboard The ISS

PM Narendra Modi interacted with Group Captain Shubhanshu Shukla, the first Indian to reach the…

4 hours ago

Gautam Adani, Family Participate In Puri Rath Yatra; Launch Massive ‘Prasad Seva’ Initiative

Gautam Adani, along with his wife Priti Adani and son Karan Adani, joined thousands of…

5 hours ago