GST Council adopts GoM report on setting up tribunals with modifications

GST Council adopts GoM report on setting up tribunals with modifications

Commenting on the proposal, Abhishek Jain, Tax Partner, KPMG said a major development is an agreement on the GoM report on setting up of GST tribunal at the centre and state level.

GST Council adopts GoM report on setting up tribunals with modifications

The panel has suggested that the tribunals should consist of two judicial members, and one technical member each from the Centre and states, besides a retired Supreme Court judge as president.

GST Council adopts GoM report on setting up tribunals with modifications

Union Finance Minister Nirmala Sitharaman on Saturday said the GST Council adopted the report of the Group of Ministers on GST Appellate Tribunal with certain modifications, and the final draft amendments will be circulated to state finance

GST Council Agrees To Cut GST on Pencil Sharpeners From 18% To 12%; Tribunal GoM Report Needs Modification

GST Council agrees to reduce the GST rate on pencil sharpeners from 18 per cent to 12 per cent; it has also decided to reduce GST rate on liquid jaggery from 18 per cent to nil or 5 per cent

GST Council Agrees To Cut GST on Pencil Sharpeners From 18% To 12%; Tribunal GoM Report Needs Modification indiabusinessport.com

Last Updated: February 18, 2023, 17:23 ISTUnion Finance Minister Nirmala Sitharaman chairs the 49th meeting of the GST Council, at Vigyan Bhawan, New Delhi, on Saturday. (Photo: Finance Ministry)GS…