GST UPDATE

Desk of CA. PRAVEEN SHARMA:- 

Series- 397

GST Council Meeting 17.12.2022

1. Decriminalisation of offences.

2. The setting up of an appellate tribunal.

3. The fitment panel’s pending recommendations.

4. The inclusion of petrol and diesel prices in the GST platform.

5. Taxing on cryptocurrency as well as gaming.

6. The FM is expected to clarify that the GST cannot be levied on a no-claim bonus as the common citizen in the country suffers a lot due to the tax imposed on it.

7. For the textile sector, the Council may give a big relief to textile firms as the government is making its all-out effort to promote the sector.

Join our Telegram Channel:?for a more Informative discussion. https://t.me/praveengst

Do write to us/Ask Query