KEY UPDATES ON THE GST COUNCIL MEETING HELD ON JUNE 28, 2022 AND JUNE 29, 2022

Published On: 04/07/2022

Practice Area: Indirect Tax

Authors:

The 47 GST Council Meeting held during the last week of June 2022, announced a host of proposals which among others include rate rationalisations, certain withdrawal of exemptions, clarifications with respect to law and procedure, ease of compliances etc. While the Industry still awaits recommendations/proposals with respect to impact of taxation on online games, virtual digital assets etc., overall, the proposals announced in this meeting are directed towards trade facilitation and ease of doing business. INDUSLAW's Shashi Mathews and Rajitha Nair provide an overview of the key proposals announced.