New Delhi. Union Finance Minister Nirmala Sitharaman gave information about the important decisions taken in the 53rd GST Council meeting. Nirmala Sitharaman said that the proposals passed in today’s meeting will benefit traders, MSMEs and taxpayers.
#WATCH , On the 53rd GST Council Meeting, Union Finance Minister Nirmala Sitharaman says “Council recommended to prescribe 12% GST on all solar cookers whether it has single or dual energy source. Services provided by Indian Railways to the common man, sale of platform tickets,… pic.twitter.com/pJGBydgVz5
— ANI (@ANI) June 22, 2024
The Union Finance Minister informed that the Council has recommended imposing 12 per cent GST on all solar cookers, irrespective of whether it has single or dual energy source. At the same time, services provided to the common man by the Indian Railways such as sale of platform tickets, retiring rooms, waiting rooms, cloakroom facilities and battery operated car services are being exempted from GST. Apart from this, hostels for outstation students in educational institutions are also being exempted from GST. The value of supply of accommodation services is up to Rs 20,000 per person per month. These services are supplied for a continuous period of minimum 90 days.
Watch: “In order to reduce government litigations, the council has recommended monetary limits of ₹20 lakh for GST Appellate Tribunals, ₹1 crore for High Court, and ₹2 crore for Supreme Court for filing of appeals by the department before these legal forums. ”says Union Finance… pic.twitter.com/wxO5vnGzQP
— IANS (@ians_india) June 22, 2024
Sitharaman informed that in order to reduce government litigation, the Council has recommended monetary limits of Rs 20 lakh for GST Appellate Tribunals, Rs 1 crore for High Courts and Rs 2 crore for Supreme Court for filing appeals by the department before these legal forums. The Council has also decided and recommended that the provisions of the CGST Act shall be amended to provide that the three-month period for filing appeals in the GST Appellate Tribunal shall start from the first day of the commencement of the said Act.
Watch: On the 53rd GST Council Meeting, Union Finance Minister Nirmala Sitharaman says, “Council has also decided and recommended that amending the provisions of CGST Act to provide that the three-month period for filing appeals in the GST Appellate Tribunal will start from a day… pic.twitter.com/SeGbhe0Xle
— IANS (@ians_india) June 22, 2024
The Finance Minister recalled the old days when GST was implemented, I remember senior minister Arun Jaitley was talking about GST at that time that petrol and diesel prices can be handled for which the law has already been made, so, once the states agree, the Council will have to decide what the tax rate will be.
#WATCH , On being asked about bringing fuel under GST, Union Finance Minister Nirmala Sitharaman says “…At the moment, the intention of the GST as it was brought in by former Finance Minister Arun Jaitley is to have the petrol and diesel in GST. It is up to the states to decide… pic.twitter.com/SoKpm3hlbI
— ANI (@ANI) June 22, 2024
