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News GST

  • Jul 04, 2024
  • GST Council decisions to be incorporated in the Finance Bill: CBIC Chief

    CBIC Chairman Sanjay Kumar Agarwal on Wednesday said the decisions taken at the GST Council meeting last month, like amnesty scheme for initial years of rollout and sunset date for profiteering complaints, will be incorporated into the Finance Bill to be tabled in Parliament, along with the Budget later this month.

    Addressing the NACIN-Bhopal's flagship programme on GST, Agarwal said at the 53rd GST Council meeting rate rationalisation was proposed on some goods and services, while in some cases clarifications have been issued.

    "For cases of dispute resolution and settlement which have arisen at the time of GST rollout during the challenges faced by small businesses, on those issues several decisions have been taken which may be become part of the Finance Bill so that necessary changes can be brought in the GST law," Agarwal said.