Mon, Jun 24, 2024
"For us, reforms are a means to improve the lives of 140 crore Indians. After the introduction of GST, goods for household use have become much cheaper."
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Sun, Jun 23, 2024
The previous meeting, the 52nd GST Council session, was held on October 7, 2023. The inclusion of these new ministers necessitates the reorganization of three GoMs focused on GST revenue analysis, enhancing the real estate sector under GST, and GST system reforms.
The compensation cess expired in June 2022, but the amount collected through the levy is being used to repay the interest and principal of the Rs 2.69 lakh crore that the Centre had borrowed during COVID-19.
Sat, Jun 22, 2024
Union Finance Minister Nirmala Sitharaman chaired the meeting alongside state finance ministers, addressing critical issues ranging from tax amendments to Aadhaar biometric integration and exemptions in railway services.
In a bid to facilitate easier tax compliance for smaller entities, the GST return filing deadline for GSTR-4 has been extended to June 30.
The Council took a number of decisions to ease the compliance burden and grievances of small and medium taxpayers.
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