2024-06-14 19:18:48
New Delhi: The following assembly of the GST i.e. Items and Companies Tax Council (GST Council) shall be held on June 22 below the chairmanship of Finance Minister Nirmala Sitharaman. The GST Council Secretariat wrote on the social media platform ‘X’, “The 53rd assembly of the GST Council shall be held on 22 June 2024 in New Delhi. Nonetheless, the agenda of the assembly has not but been knowledgeable to the members of the council.
Modi: First assembly of three.0 authorities
The Lok Sabha elections have simply ended not too long ago. The Nationwide Democratic Alliance led by the Bharatiya Janata Occasion has acquired a majority on this election. After this, a brand new authorities has been fashioned below the Prime Ministership of Narendra Modi. This would be the first assembly of the GST Council after the formation of the brand new authorities. Earlier, the 52nd assembly of the GST Council was held on October 7, 2023, during which the Finance Ministers of all of the states and union territories participated.
What have been the selections taken within the final assembly?
The final assembly chaired by the Finance Minister included the choice to scale back GST from 18 per cent to five per cent on pre-packaged and labelled millet flour with 70 per cent millet content material. Not solely this, millet flour offered in free type was exempted from GST within the assembly. Moreover, the council determined to exempt providers of water provide, public well being, sanitation safety, stable waste administration and slum enchancment and upgradation supplied to authorities authorities from tax below GST.