GST Council set to meet on September 9; here is what you can expect

The GST Council is set to conduct its 54th meeting in the national capital on September 9. The pending issues of the last meeting are likely to be discussed in the upcoming meeting. 

The all-powerful panel - responsible for making recommendations on issues related to the implementation of the indirect tax regime - is expected to issues such as rate rationalisation and compliance.

The 54th Meeting of the GST Council will be held on 9th September, 2024 at New Delhi.

— GST Council (@GST_Council) August 13, 2024

Chaired by the finance minister, the GST Council comprises representatives from States and Union Territories.

In its last meeting, which took place on June 22, the GST Council decided on several key decisions aimed at easing the compliance burden and providing relief to taxpayers. It also proposed an exemption for specific services offered by Indian Railways to the general public, as well as for intra-railway transactions.

The GST Council also cleared approved an extension for availing input tax credit (ITC) on any invoice or debit note.

The sale of platform tickets and services such as retiring rooms, waiting rooms, cloakroom facilities, and battery-operated car services are now exempt from GST.

At the 53rd meeting, the finance minister reiterated the Union government's intent to bring petrol and diesel under the ambit of Goods and Services Tax (GST).

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