Arun Jaitley to Chair 30th GST Council Meeting Today

Arun Jaitley to Chair 30th GST Council Meeting Today

Courtesy : Nationalist Bureau29/09/2018 09:39

New Delhi: The 30th Goods and Services Tax (GST) Council meeting is scheduled to be held on today. Finance Minister Arun Jaitley will chair the meeting through video-conferencing. If reports are to be believed, the proposal to cut tax rates on some items could be taken up during the meet. The Council is also likely to discuss on Kerala government’s demand for imposing a cess following Kerala floods.

Speculations are rife that the GST Council may cut tax rates on cement, air conditioner and large screen televisions.

On August 4, during the 29th GST Council meeting, it was announced that a committee has been set up to look after the grievances of Micro, Small and Medium Enterprises (MSMEs). The council also announced that the GST incentives for digital payments via RuPay card and BHIM app will be rolled out on a pilot basis.

The 28th GST Council meeting, in July, had slashed tax rates on over 50 items, including footwear, refrigerator, washing machine and small screen TV. Apart of bringing down rates, the GST Council had also exempted GST on sanitary napkins, rakhis, fortified milk and idols of deities made of stone, marble and wood

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