Modi Government 3.0 presented the first full Budget on July 23, 2024. As a first full budget of the new coalition government, reforms were expected on several policy, tax and regulatory front. Keepi...
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.
