Key Decisions of 47th GST Council Meeting

Key Decisions - GST Council Meeting - Taxscan

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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