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The Goods and Services Tax Council (GST Council) is a body set up under Article 279A of the Constitution of India. The purpose of the GST Council is to make recommendations to the Union and State on matters about GST. To fulfil this purpose, the GST Council conducts periodic meetings. The 48th GST Council Meeting was convened on the 17th of December, 2022. It was run virtually and was chaired by the Union Finance Minister Smt. Nirmala Sitharaman. As the 48th GST Council Meeting was conducted after a gap of almost 5-6 months, many items were on its Agenda. To know more about the 48th GST Council Meeting, continue reading this blog.
There were 15 Agendas, out of which only 8 Agendas were discussed as the Meeting was concluded early due to the time constraints of most of the GST Council members. The summary of key highlights of the 48th GST Council meeting is as follows:
In Conclusion, it can be said that the GST Council meets to discuss tax agendas and to keep the GST law updated as per the need of the environment. In the 48th Meeting, the GST Council recommended certain changes in GST tax returns, took measures to facilitate trade and streamline compliances in GST.
Read Our Article: All about GST Compensation Cess
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