45th GST Council Meeting Current Affairs, GK & News

Extension of GST Compensation Cess

Central government has extended the time to levy GST compensation cess, till March 31, 2022. Highlights Time to levy GST compensation cess has been extended by around 4 years. Thus, according to Goods and Services Tax (Period of Levy and Collection of Cess) Rules, 2022, compensation cess will continue to be levied from July 1, 2022 ..

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45th GST Council Meeting-Highlights

45th GST council Meeting was chaired by Finance Minister Nirmala Sitharaman on September 17, 2021 in Lucknow. Discussions over bringing petrol & diesel under the GST regime was discussed and several key decisions were taken. Highlights Issue of Petrol & Diesel was discussed as Kerala High Court had questioned it. However, Council decided not to ..

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