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Key Decisions of 47th GST Council Meeting
The 47th GST Council meeting was held at Chandigarh yesterday has been concluded today with the following decisions; E-Way Bill for Intra-State movement of Gold to be decided by States.GST Council to meet on 1st August to decide on Establishment of GST Appellate Tribunal.GoM created for the establishment of GST Tribunal, Decision on 1st August.Online Retailers below 40 Lakhs not required...
The 47th GST Council meeting was held at Chandigarh yesterday has been concluded today with the following decisions;
- E-Way Bill for Intra-State movement of Gold to be decided by States.
- GST Council to meet on 1st August to decide on Establishment of GST Appellate Tribunal.
- GoM created for the establishment of GST Tribunal, Decision on 1st August.
- Online Retailers below 40 Lakhs not required GST registration for Intra-State Transactions.
- Council approved Report of GoM suggesting IT reforms
- GST Cess Collection will be used for Repayment of Loan till 2026.
- Rate Changes on Certain Items Approved, will be Implemented from 18th July.
- GST Council to meet on 1st August to decide Tax on Casinos.
- GoM on Rate Rationalization Extended for Three more Months.
- GoM on IT Reforms: Permanent GoM to give Suggestions on GSTN
- GST Compensation Cess for States shall continue.
- No Decision on 28% GST on Casinos, Online Gaming: GST Council asks GoM to file Report by 15th July.
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