GST Council Subject :Polity Context: Citing regulations for the Goods and Services Tax (GST) Council, Principal Chief Advisor to West Bengal Chief Minister Amit Mitra urged Union Finance Minister Nirmala Sitharaman in a letter on Wednesday to call for a meeting of the Council urgently. What is the issue: Amit Mitra urged Union […]

    GST COUNCIL CONTEXT: The 46th GST council meeting will be held. MORE FROM THE NEWS The GST Council meeting will be an extension to the pre-budget meeting with state finance ministers. Discussion on rate rationalization and inverted duty structure will be the key feature of the meeting. Discussion on reviewing the GST rates […]

    GST Council Subject – Economy Context – Packed agenda for GST Council today Concept – To know about GST Council, please click here.

    GST Council Subject: Polity Context:  In its 44th meeting on June 12, the GST Council had reduced GST on goods being used in Covid-19 management until September 30. Concept: GST Council Goods & Services Tax Council is a constitutional body for making recommendations to the Union and State Government on issues related to Goods and Service Tax. […]

    GST COUNCIL Subject : National Organisations Context : West Bengal finance minister Amit Mitra has written to Union FM Nirmala Sitharaman to urgently convene a meeting of the GST Council and discuss the issue of compensation shortfall to states and other pending items. Concept : GST Council It is a constitutional body under […]

Subject: Economy Context: GST Council agrees to extend compensation cess beyond 2022 Concept: GST Council Goods & Services Tax Council is a constitutional body for making recommendations to the Union and State Government on issues related to Goods and Service Tax. As per Article 279A (1) of the amended Constitution, the GST Council has to be […]