GST Council approves special composition scheme & capacity-based GST to be levied on certain items, sources tell

Finance Minister Nirmala Sitharaman is chairing the 45th meeting of the Goods and Service Tax (GST) Council in Lucknow today. The meeting is the first in-person meeting of the GST Council in nearly two years. Extension of compensation to states beyond 2022 is expected to be on the agenda. The Council will likely discuss rationalizing an inverted duty structure.

GST Council approves special composition scheme & capacity-based GST to be levied on certain items, sources tell