22nd GST Council Meeting held on 06th October, 2017 at Vigyan Bhavan, New Delhi (Highlights)
- STEPWAY SOLUTIONS
- Jul 7, 2021
- 1 min read
The latest 22nd GST council meeting decided that AC restaurant tax rate revised to 12% from 18%, and yarns, clips, pins would be in 5% slab. Also, it is revealed that the threshold limit for the composition scheme dealers has been increased from 75 lakh to 1 crore. SMEs earning up to Rs 1.5 crore annually will have to file quarterly returns. GST council next meeting will be held on 9th and 10th November 2017 in Guwahati.
On 6th October, 22nd GST council meeting held to revise compliance provisions for businesses by GST council, which is made up of state finance ministers, officials from both states and the Centre and is headed by the FM, Arun Jaitley. The discussion has taken place regarding structural changes in new Indirect tax regime on the basis of complaints and feedback from businesses. Two days ago, the PM also held a meeting with the FM and BJP chief Amit Shah and promised the taxpayers that technical glitches and GST issues would be fixed effectively.
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Blog source : GST Council official
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