Issuing of e-way bill for movement of gold has been approved. However, the threshold value for this would be subject to states’ discretion.
The establishment of a GST tax tribunal has also been approved
Council has approved the GoM’s report on system reforms.
(Source: Officials with knowledge of the matter)
The interim report on GST rate rationalization on disallowing exemptions for packed goods has been approved.
Correction of inverted duty structure has also approved. Further details on items under approval are yet to be revealed.
(Source: Officials with knowledge of the matter)
GST Council Meeting: What's On Agenda This Week
The two-day GST Council meeting, chaired by Finance Minister Nirmala Sitharaman, is underway in Chandigarh. It is being attended by finance ministers of various states and senior state and central government officers.