GST COUNCIL'S 13TH MEETING: AGENDA STILL UNFINISHED
By: – Dr. Sanjiv Agarwal
Goods and Services Tax – GST
Dated:- 1-4-2017<\/p>\n
GST Council (GSTC) met for the 13th time yesterday in last 6 months at New Delhi. The GSTC inter alia, decided on following –
\n * Approval to draft GST rules (5 out of 9) which were released in September 2016 duly aligned with GST law as approved by Lok Sabha on 29 March, 2017.
\n * The rules approved by GSTC are in relation to-
\n * Registration of taxpayers
\n * Payment of tax
\n * Filing of returns
\n * Invoicing, debit & credit notes
\n * Refunds
\n\tThe tentative approval has been accorded to the remaining four set for rules which relate to:
\n * Valuation of supply of goods \/ services
\n * Input tax credit\n<\/p>\n
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Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n days if such rules are finalized on 18-19 May, 2017. = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n","protected":false},"excerpt":{"rendered":" GST COUNCIL'S 13TH MEETING: AGENDA STILL UNFINISHEDBy: – Dr. Sanjiv Agarwal Goods and Services Tax – GSTDated:- 1-4-2017 GST Council (GSTC) met for the 13th time yesterday in last 6 months at New Delhi. The GSTC inter alia, decided on following – * Approval to draft GST rules (5 out of 9) which were released … Continue reading “GST COUNCIL'S 13TH MEETING: AGENDA STILL UNFINISHED”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-2556","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/2556","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2556"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/2556\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2556"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2556"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2556"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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\nThe 14th meeting of the GST Council has been scheduled for 18-19 May, 2017 (after a gap of 48 days from now) at Srinagar (J&K) which has been kept out of CGST of regime as per the law passed for technical \/ legal reasons.
\nThe main agenda for the next GSTC meeting would be to:
\n * Grant final approval to tentatively approved four set of rules, and
\n * Approval of rate structure in relation to individual items of goods and services
\nWhile it is expected that group of officers, both from the centre and states will now work as fitment of goods and services into the four GST rate slabs, there are few questions that remain to be answered :
\n * Why this long gap of 48 days before next meeting<\/p>\n
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