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46th GST Council Meet News

46th GST Council Meet

31 Dec 2021

GST Council defers hike in GST on textiles from 5% to 12%

The revision of rates in the textiles sector which was supposed to come into effect from January 1, 2022.

46th GST Council Meet

31 Dec 2021

46th GST Council meet chaired by FM Nirmala Sitharaman on December 31

GST, which subsumed indirect taxes like excise duty, service tax and VAT, was rolled out on July 1, 2017 and the compensation window ends on June 2022.

46th GST Council Meet

29 Dec 2021

46th GST Council meet on Dec 31: Check issues likely to be issued in the meet

The members are expected to discuss the report of the panel of state ministers on rate rationalisation. They could also discuss the proposed GST hike in textile. GST is a four-tier slab structure in which products are taxed 5, 12, 18 and 28 per cent.

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