Union Cabinet forms GST Council!


(Last Updated On: August 6, 2019)

The cabinet has approved the formation of GST Council on Monday whose role will be to decide the rates of taxation, recommend which taxes to be subsumed and exempted from GST, and making model Central, State and Integrated GST laws.

Union Finance Minister Arun Jaitley, who built the political consensus for the Constitution Amendment Bill and piloted it in Parliament, has scheduled the Council’s first meeting for September 22 and 23.

 

Source:http://www.thehindu.com/news/national/cabinet-approves-creation-of-gst-council/article9099725.ece

CA Abhishek Soni

Abhishek Soni is a Chartered Accountant by profession & entrepreneur by passion. He is the co-founder & CEO of Tax2Win.in. Tax2win is amongst the top 25 emerging startups of Asia and authorized ERI by the Income Tax Department. In the past, he worked in EY and comes with wide industry experience from telecom, retail to manufacturing to entertainment where he has handled various national and international assignments.