Quick Summary
The GST Council on Sunday said the location of its 47th meeting, which will be held during June 28-29, has been changed to Chandigarh, from Srinagar decided earlier. The Council-appointed group on ministers (GoM), headed by Karnataka Chief Minister Basavaraj Bommai, has already conducted its meeting
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FAQ :
The 47th GST Council meeting will be held in Chandigarh.
The meeting is scheduled for June 28-29, 2022.
No, the meeting was initially decided to be held in Srinagar but has since been changed to Chandigarh.
The Council is likely to discuss pruning the list of exempted items, shifting tax rate slabs, and correcting the inverted duty structure in textiles.
An inverted duty structure occurs when the tax rate on inputs is higher than that on finished goods.
The Supreme Court ruled that the GST Council is a recommendatory body and its recommendations are not binding on the Centre or states, though they carry persuasive value.
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