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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