Page-9 of GST Council Current Affairs, GK & News

GST council sets exemption threshold for tax at Rs.20 lakh

The first meeting of Goods & Services Tax (GST) Council has decided to exempt businesses with annual turnover below Rs.20 lakh out of the GST net. The meeting was presided by Union Finance Minister Arun Jaitley in New Delhi and was attended by Finance ministers of states. Key Outcome of GST council’s first meeting Exemption ..

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Union Cabinet approves formation of GST Council

The Union Cabinet has approved the process, formation and functioning of the Goods and Services Tax (GST) Council as per the Article 279A of the Constitution. Decision in this regard was taken by the Union Cabinet meeting chaired by Prime Minister Narendra Modi in New Delhi. Cabinet also approved Creation of the GST Council Secretariat ..

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