GST Council Likely To Meet In Second Week Of June
The GST Council is likely to meet in the second week of June according to media reports.
The GST Council is likely to meet in the second week of June according to media reports. The Council meeting will discuss the impact of the coronavirus pandemic on the economy of states, among other things.
The meeting of the GST council comes in the wake of repeated requests from state chief ministers in their video interactions with the Prime Minister for releasing dues to the states.
The GST council meeting is likely to discuss steps to raise compensation collections to clear the dues of the states. It is also likely to take up GST revenue trends which have hit rock bottom during the lockdown period following the outbreak of the coronavirus pandemic.
The GST Council is an apex member committee which was formed to modify or reconcile any law based on goods and services tax in the country. The council is headed by Union Finance Minister Nirmala Sitharaman and comprises finance ministers of all the states of the country.
The scheduled GST Council meeting could turn out to be a stormy one in the light of the fact that several states have been batting for higher allocations. Chief Ministers of several states had also stressed on the need to release GST dues in their video interactions with Prime Minister Narendra Modi.