GST Council meeting: No tax increase on any item

New Delhi, December 17: Union Finance Minister Nirmala Sitharaman presided over the GST Council's 48th meeting on Saturday.

Taking to Twitter, the Ministry of Finance said, "Union Finance Minister Smt. @nsitharaman chairs the 48th meeting of the GST Council via virtual mode, in New Delhi, today. Along with the FM, Union Minister of State for Finance Shri @mppchaudhary, besides Finance Ministers of States & UTs (with legislature) and Senior officers from Union Government & States are also attending the meeting."

During the meeting, eight of the agenda points of the 48th GST council meeting were discussed and the remaining would be carried on to the next meeting. "In sequential order seven agenda points were attended with an additional one related to data sharing was also taken up," Sitharaman said.

"In this 48th GST Council Meeting, there hasn't been any tax increase on any item. No new taxation has been brought in. Everything that has been done is to issue clarifications where the ambiguity of interpretations prevailed," the Finance Minister said.

The GST Council held its 47th meeting in late June 2022 in Chandigarh.

Following the recommendations made at the two-day 47th GST Council meeting in Chandigarh in June, the Goods and Services Tax (GST) was rationalised for a variety of items, including LED lamps and solar water heaters, among others.

The GST Council's recommended rate changes went into effect on July 18 of this year.

- ANI

Join Whatsapp Channel