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Wednesday 29 June 2022

Key Highlights of GST Council Meetings (Press Release & Notification awaited)- 47 th Meeting of the GST Council , Chandigarh 28th and 29t hJune , 2022

आज 29th June की GST Council Meeting के कुछ decision ये है



                   














👩🏼‍🎓 GST Council decides to refer the matter of setting up GST Appellate Tribunals (GSTAT) to GoM (group of ministers)


👩🏼‍🎓 GoM to deliberate and come up with a report on detailed structure for #Tribunals 


👨🏻‍💻6 new e-invoice portals to come soon


📜Compliances to be eased for e-commerce suppliers


📜Council agrees to empower both State and Central Officers to issue Show Cause Notices


🚡GST Council agrees to reduce GST on Ropeway services from 18% to 5% with ITC. This has been done on request from Himachal Pradesh Government.



#ARR


✅GST Council further extends the time limit for filling GSTR-4 by Composition Dealers for FY 2021-22 upto 28-Jul-22 from 30-Jun-22


✅Council accepts GOM's view to withdraw 🚫 GST Exemptions on following Packaged items:


❌Curd

❌Lassi

❌Butter Milk छाछ

❌ Puffed Rice मुरमुरे

❌ Flattened Rice पोहा or चिवड़ा

❌Parched Rice

❌Pappad

❌Paneer

❌ Honey 🍯

❌Food Grains

❌Cerals

❌Jaggery

❌Few Vegetables


✅Hotel Accommodation below Rs 1,000/- per day will be taxes @ 12%


🚩GST Rate Hike


✳️5% to 18%

🔺e-Waste

🔺Milling Machinery for Cerals


✳️5% to 12%

🔺Solar Water Heater

🔺 Finished Leather

🔺 Specified goods for Petroleum Products


✳️12% to 18%

🔺LED Lamps

🔺Knives

🔺Blades

🔺Power Driven Pumps

🔺Dairy Machines


✅GST Council decides to withdraw the following exemptions:

🔷Services by Postal Department except for Post Cards or envelopes <10 gms

🔷services provided by RBI, SEBI, IRDAI, FSSAI

🔷Storage & Warehousing of Taxable Goods like Sugar, Natural Fiber, etc

🔷Services like Fumigation of Warehouses

🔷Business class Travel to the Northeastern States

🔷Road and Rail Transport, when such services are Input for Business

🔷Services by way of Slaughtering of Animals

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