GST Council begins, likely to assess GST Networks functioning

The 22nd Goods and Services Tax (GST) Council Meeting chaired by Union Finance Minister Arun Jaitley has begun in Delhi. This will be the fourth meeting of the council since the launch of the GST on July 1 and the 22nd since it was set up in September last year.

The meeting is likely to provide some relief to exporters in terms of faster refunds as well as compliance, reports PTI. The full-fledged meeting of the GST Council is also likely to assess the improvements in the GST Networks functioning.Officials in the ministry said that the Group of Ministers, under Sushil Modi, set up to look into GSTN glitches will also brief the Council on the portals functioning.

The committee, set up under Revenue Secretary Hasmukh Adhia on issues faced by exporters, is likely to submit its preliminary report to the Council . The council has over the past 10 months ironed out various contentious issues and decided on a four-tier tax structure of 5, 12, 18 and 28 per cent.