GST meet: Dues to be cleared, some taxes revised
Team Udayavani, Feb 18, 2023, 5:51 PM IST
Credit: iStock Photo
GST Council on Saturday reduced the Goods and Service Tax on liquid jaggery, pencil sharpeners, and certain tracking devices, Union Finance Minister Nirmala Sitharaman said.
Briefing media after the 49th meeting of the GST Council, the minister also informed that reports of the GoM (Group of Ministers) on checking tax evasion by pan masala and gutkha industry, and on Goods and Services Tax Appellate Tribunals (GSTATs), have been taken on board.
She further said all the GST compensation dues will be cleared, including Rs 16,982 crore for the month of June.
The finance minister further said the GST Council has decided to rationalise late fees on filing of annual GST returns after the due date.
Finance ministers of states and UTs (with legislature) and senior officials of Union Government and states participated in the meeting.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
Sensex, Nifty fall for 3rd day amid foreign fund exodus
Tomato prices to cool down soon, says Consumer Affairs Secretary
Markets fall after rising in opening trade amid unabated foreign fund outflows
Qualcomm to enter sub-Rs 10k smartphone segment with Xiaomi’s made in India 5G handset
Nifty 50 projected to reach 27,867 level in next 12 months: PL Capital
MUST WATCH
Latest Additions
Geethartha Chinthane 67: Krishna’s Strategy to Destroy Arjuna’s Ego
Bus ticket prices soar amid Deepavali season rush
New ‘Lady Justice’ statue in SC library without blindfold and sword
Gap between action and words: India slams Trudeau’s ‘One India’ remarks
Caste Census: CM Siddaramaiah to hold key meeting on Oct 20
Thanks for visiting Udayavani
You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.