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GST Council’s 47th Meeting- Experts React!

Check out what ELPLAW Experts says about GST Councilu2019s 47th Meeting.

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GST Council’s 47th Meeting- Experts React!

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  1. 7/27/22, 2:24 PM GST Council’s 47th Meeting- Experts React! | ELPLAW (https://elplaw.in/) Home (https://elplaw.in/) GST Council’s 47th Meeting- Experts React! GST Council’s 47th Meeting- Experts React! Jul 5, 2022 Author(s) : Nishant Shah (https://elplaw.in/people/nishant-shah) The culmination of the 47th GST Council Meeting, right at the cusp of the GST 5th anniversary saw re- organisation of rates of various goods and services as well as compliance particulars. Over the course of 2 days, the Council discussed several key issues like exemptions, correction of inverted duty, revising rates of various items, etc. Against this backdrop,  Nishant Shah, Partner at  Economic Laws Practice (ELP)  has been quoted by Taxsutra in their Tax-Expert section. He says, “The GST Council has recommended modi?cation of rates for a number of goods and services on the higher side. However, the same has rightly been termed as rationalization, since such increase in rates will facilitate removal of inverted duty structures. Several other decisions are also expected to positively impact businesses. However, a clearer picture will emerge once the ?ne print is available, when the underlying noti?cations and circulars giving effect to these recommendations are issued.” Read the detailed comment here: https://bit.ly/3IdwUry (https://bit.ly/3IdwUry) Privacy Policy (https://elplaw.in/privacy-policy/) Terms Of Use (https://elplaw.in/terms-of-use/) Disclaimer (https://elplaw.in/disclaimer/) Sitemap (https://elplaw.in/sitemap/) (https://www.facebook.com/elplaw.in) (https://www.twitter.com/ELPIndia) (https://www.linkedin.com/company/economic-laws-practice) https://elplaw.in/gst-councils-47th-meeting-experts-react/ 1/2

  2. 7/27/22, 2:24 PM GST Council’s 47th Meeting- Experts React! | ELPLAW COPYRIGHT © 2018 ECONOMIC LAWS PRACTICE https://elplaw.in/gst-councils-47th-meeting-experts-react/ 2/2

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