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13th GST Council Meeting Important Takeaways

Goods and Services Tax - GST - By: - Bimal jain - Dated:- 3-4-2017 Last Replied Date:- 30-12-1899 - Dear Professional Colleague, The prospects of rollout of the Goods and Services Tax (GST) from July 1, 2017 has been brightened further, when the all-powerful GST Council chaired by the Hon ble Finance Minister, Mr. Arun Jaitley met for the thirteenth time in a row to clear all gathered clouds over the GST and brightening its prospects of implementation soon. With the conclusion of the 13th GST Co .....

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to be partly amended and altered to bring them in conformity with the provision of the Act . Nod to another four sets of Draft Rules Now, it also gave its tentative nod to four more sets of Draft Rules dealing with GST Input Tax Credit, Valuation, Transitional Provisions and the Composition scheme. The Hon ble Finance Minister said that the four new Draft Rules have been tentatively approved and will be put up in public domain for suggestions. These will be finalised in the GST Council s next me .....

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