UPDATE ON GST COUNCIL MEETING HELD ON FEBRUARY 18, 2023

Published On: 03/03/2023

Practice Area: Tax

Authors:

Shashi Mathews
Rajitha Nair
The 49th GST council meeting held in February 2023 under the chairpersonship of the Union Finance Minister had many items on its agenda which among others also included some important changes in the GST rates and exemptions, trade facilitation measures, GST compensation etc. Having said this, one of the most awaited agenda items i.e., setting up of a GST appellate tribunal was also seen making some progress with the council of ministers accepting the report submitted by the group of ministers. INDUSLAW’s @Shashi Mathews and @Rajitha Nair provide a summary of some of the important clarifications proposed by the government, along with their views on the same.