GST Council Meeting Live: Tax Cuts Have 'Nothing To Do' With Tariffs, Says FM Sitharaman
The Council in its meeting has approved all the proposals by the Centre.
KEY HIGHLIGHTS
GST Council Meeting Live: Watch Press Conference Live Here
GST Council Meeting Live: Cut In GST To Reduce Prices, Make Essential Goods More Affordable For Consumers
"The decision to bring almost all FMCG products under the 5 percent GST slab is commendable. This rationalization will directly reduce prices, make essential goods more affordable for consumers, and drive higher consumption, thereby benefiting every household in India," said All India Consumer Products Distributors Federation.
GST Council Meeting Live: Post-Sale Discounts To Reduce Large Dispute
“The grant of export status to intermediary services would bring to rest litigations on what qualifies as intermediary and accordingly reduce refund denials on this account. Similarly, the changes on post-sale discounts would reduce a large dispute on their allowability,” said Abhishek Jain, Indirect Tax Head & Partner, KPMG.
GST Council Meeting Live: Small Businesses To Register Within Three Days
CBIC's Sanjay Kumar Agrawal
GST registration process simplified for small businesses
For companies with less than Rs 2.5 lakh in input tax credit, they'll be able to register within 3 days
GST Council Meeting Live: FM Sitharaman's Office Releases List Of Reforms
"These reforms have a multi-sectoral and multi-thematic focus, aimed at ensuring ease of living for all citizens and ease of doing business for all," said FM Sitharaman's office in a post on X.
GST Council Meeting Live: GST 'Nothing To Do' With Tariffs
FM Nirmala Sitharaman:
Tariff turmoil was not a matter which influenced GST reforms
Have been working at it for 1.5 years
GST has nothing to do with tariffs
