GST compensation for revenue shortfalls in the first 5 years of GST due to States for December 2019 to February 2020 was only released on June 4. The councils last meeting was held in October last year.
Gst Council Ias Gatewayy
Perhaps it was timed to pre-empt discontent in the Councils meeting.
Gst council meeting upsc. 43rd GST Council Meet. The council decided to put. Key Highlights of 43rd GST Council Meeting.
The Council decided to keep the GST. What could be done. This was the first meeting of the GST Council in the financial year 2021-22.
The council has decided to exempt import of relief items and is being extended till October 31 2021. The meeting of the GST Council comes at a time when the country is reeling under the second wave of coronavirus infections that have derailed the economic recovery. Though the council is required to meet once every quarter the last meeting.
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