GST Council Meeting Dates and Updates

CA Satbir Singh — Sun, 18 Jun 2017 11:55:12 +0000

GST Council Meeting Dates and Updates

GST Council	Meeting Dates	Key Decisions	Press Conference
GST Council – 1^st Meeting	22^nd 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 Meeting	30^th September 2016	To approve GST Draft Rules and Formats -compensation to states	Click for GST Press Conference after meeting
GST Council – 3^rd Meeting	17^h October 2016 to 19^th October 2016	GST Rates and slabs proposed	Click for GST Press Conference after meeting
GST Council – 4th Meeting	3^rd November 2016 to 4^th November 2016	GST Rates and slabs decided	Click for GST Press Conference after meeting
GST Council 5^th meeting rescheduled	24^th November 2016 to 25^th November 2016 [ Rescheduled to 2nd-3rd December, 2016 ]
GST Council – 5th Meeting	2^nd December 2016 to 3^rd December 2016		Click for GST Press Conference after meeting
GST Council – 6th Meeting )	11^th December 2016 and 12th December 2016	Meeting on 12^th December 2016 was cancelled due to holiday	Sections of CGST and SGST law were discussed.
GST Council – 7^th Meeting	22^nd December 2016 to 23 December 2016	SGST Law and CGST law approved for legal vetting	Click for GST Press Conference after meeting
GST Council – 8^th Meeting	03^rd January 2017 to 4^th January 2017	Territory and Cross Empowerment & Dual Control Issue Discussed	Click for GST Press Conference after meeting
GST Council – 9^th Meeting)	16^th January 2017	GST Council 9th Meeting – Key Decisions	Click for GST Press Conference after meeting
GST Council – 10^th Meeting (Proposed)	18^th February 2017	GST Council clears law to compensate States for revenue loss on 18.02.2017	Click for GST Press Conference after meeting
GST Council – 11^th Meeting	04^th March 2017 to 05^th March 2017	GST Council Approved CGST and IGST Bill -Key Points	Click for GST Press Conference after meeting
GST Council – 12^th Meeting	16^th March 2017		Click for GST Press Conference after meeting
GST Council – 13^th Meeting	31^st March 2017
GST Council – 14^th Meeting	18 th May 2017 to 19^th May 2017	Final 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 – 15^th Meeting	03^rd June 2017	Final 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 – 16^th Meeting	11th June 2017	Final 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 – 17^th Meeting	18th June 2017	GST 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 – 18^th Meeting (Proposed)	30^th June 2017

Key Decisions

GST Council – 4th Meeting :held on 03^rd and 04^th 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

GST Council Informal meeting remains inconclusive on 20.11.2016
GST Council Meeting rescheduled on 2nd-3rd December, 2016

GST Council – 1st Meeting Archives - Tax Heal

GST Council Meeting Dates and Updates

GST Council Meeting Dates and Updates