GST Council Meeting Dates and Updates

By | June 18, 2017
(Last Updated On: June 19, 2017)

GST Council Meeting Dates and Updates

GST CouncilMeeting DatesKey DecisionsPress Conference
GST Council – 1st Meeting22nd September to 23 September-GST Exemption Threshold

-Compensation Norms of states

– Dual Control  & Assessment of Assessees

Click for GST Press Conference after meeting
GST Council – 2nd Meeting30th September 2016To approve GST Draft Rules and Formats

-compensation to states

Click for GST Press Conference after meeting
GST Council – 3rd Meeting17h October 2016 to 19th October 2016GST Rates and slabs proposedClick for GST Press Conference after meeting
GST Council – 4th Meeting3rd November 2016 to 4th November 2016GST Rates and slabs decidedClick for GST Press Conference after meeting
GST Council 5th meeting rescheduled24th November 2016 to 25th November 2016

[ Rescheduled to 2nd-3rd December, 2016 ]

GST Council – 5th Meeting2nd December 2016 to 3rd December 2016 Click for GST Press Conference after meeting
GST Council – 6th Meeting )11th December 2016 and 12th December 2016 Meeting on 12th December 2016 was cancelled due to holiday Sections of CGST and SGST law were discussed.
 GST Council – 7th Meeting 22nd December 2016 to 23 December 2016SGST Law and CGST law approved for legal vettingClick for GST Press Conference after meeting
 GST Council – 8th Meeting 03rd January 2017 to 4th January 2017Territory and Cross Empowerment & Dual Control Issue DiscussedClick for GST Press Conference after meeting
 GST Council – 9th Meeting)16th January 2017GST Council 9th Meeting – Key DecisionsClick for GST Press Conference after meeting
GST Council – 10th Meeting (Proposed)18th February 2017GST Council clears law to compensate States for revenue loss on 18.02.2017Click for GST Press Conference after meeting
GST Council – 11th Meeting04th March 2017 to 05th March 2017GST Council Approved CGST and IGST Bill -Key PointsClick for GST Press Conference after meeting
GST Council – 12th Meeting 16th March 2017Click for GST Press Conference after meeting
GST Council – 13th Meeting 31st March 2017
GST Council – 14th Meeting 18 th May 2017 to 19th May 2017Final GST Rules Approved by GST Council Meeting held on 18.05.2017 – Download

GST Compensation Cess Rates for different supplies – As per GST Council Meeting 18.05.2017 – Download

GST Rate Schedule for Goods – As per GST Council Meeting

 GST Rates for Services – Approved by GST Council 19.05.2017 – Download – Print ]

Services under Reverse Charge – Approved by GST Council 19.05.2017 – Download – Print

Service Accounting Code with Services Classification under GST ; Approved by GST Council ; 19.05.2017 Download

GST Council – 15th Meeting 03rd June 2017Final GST Return Rules approved by GST Council on 03.06.2017 

Final GSTP Formats & GST Practitioner Formats approved by GST Council 03.06.2017

Final GST Mismatch Formats approved by GST Council 03.06.2017 

Final GST Return Formats approved by GST Council 03.06.2017 

GST Rates Schedule for Certain Goods : GST Council Meeting 03.06.2017

Final GST Transitional Provisions Rules Approved by GST Council 

Final GST Transition Formats & GST Council Approved

GST Council – 16th Meeting  11th June 2017Final GST Accounts and Records Formats Approved by GST Council 11.06.2017

Revised GST Rate Approved by GST Council on 11.06.2017 ; 69 Items

IGST Exemption List Approved by GST Council on 11.06.2017

Revised Limit for GST Composition Levy by GST Council on 11.06.2017

Revised Exemption and GST Rates for Services by GST Council 11.06.2017

Final GST Registration Rules Approved by GST Council

GST Council – 17th Meeting 18th June 2017GST Return filing for July & Aug 2017 relaxed by Govt 18.06.2017

GST Services – 17 th GST Council Meeting Decisions on 18.06.2017

17 th GST Council Meeting Decisions on 18.06.2017 – Composition Levy and GST Rate on Certian Goods

 

Result of GST Council 17th meeting 18.06.2017 – Press Conference by Arun Jaitley

GST Council – 18th Meeting (Proposed) 30th June 2017

 

Key Decisions

GST Council – 4th Meeting :held on 03rd and 04th of November)


GST Rate Slab decided in GST council 4th meeting 

  • 0% – for majority of the goods in the CPI basket (foodgrains, spices, etc.)
  • 5% – for essential food items (ghee, butter, etc.) and mass consumption goods
  • 12% – lower standard rate
  • 18% – higher standard rate (soaps, etc.)
  • 28% – for specific products such as cars, white goods, etc.
  • 28% + Cess – for specific luxury products (luxury cars), tobacco products and others (including aerated drinks).[ Cess will have a limited shelf-life of five years, and is meant to meet any shortfall in States revenues (which the Centre will have to compensate]

Items to be decided in GST council 5th meeting to be held in November (24th to 25th November 2016) 

  • GST rate to be applied on gold and bullion will be decided later.
  • Exercise of classifying numerous products under different rates will be taken up in next meeting, and which job has been left to the committee of officers / secretaries.  India Inc. will have to assist these officers in setting the rate appropriately for all products.

Read

Leave a Reply

Your email address will not be published. Required fields are marked *