1st GST council meeting

1st GST council meeting

Moving towards rolling out GST from 1st April 2017, the first GST council meeting was held on 22nd & 23rd September 2016.The GST Council, which is headed by Union Finance Minister Arun Jaitley, includes representatives of all the 29 states and 2 union territories. In the first meeting, the members discussed several issues related to composition scheme, […]

3rd GST council meeting – A Crucial Meeting, Yet no consensus on assessment of Service tax assessees

3rd GST council meeting – A Crucial Meeting, Yet no consensus on assessment of Service tax assessees

The third GST council meeting was considered a crucial one because the government has set a deadline of 1 April 2017 for GST roll out and it is just five months away. The three day meeting concluded yesterday evening i.e. 20th October, 2016. The agenda mainly discussed during the meeting was tax rate, compensation formula […]