The Goods and Services Tax council met on Friday for its 15th meeting in New Delhi.
The agenda for the 15th meeting of the GST Council was to clear two important rules related to transition provisions and returns to be filed under the new indirect tax regime.
The council had to also fix rates for commodities like biscuits, cigarettes, beedis, agricultural equipment, precious metals and textiles. The rate on lottery tickets was also taken up for consideration.
Key takeaways from today’s meeting are:
1. GST Rules cleared including transition and return filing.
2. GST Council will set up committee to look into complaints regarding anti-profiteering clause.
Clearlify some GST Rates today in GST Council meeting.