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GST Council meet begins from today

Chandigarh, June 27

The 47th meeting of the GST Council, headed by Union Finance Minister Nirmala Sitharaman and comprising representatives of all states and UTs, will be held in Chandigarh for two days, starting from Tuesday. The Council is meeting after six months.

The meeting is slated to discuss an array of issues, including a mechanism for compensating states for revenue loss, tax rate tweaks on some items and relaxed registration norms for small online suppliers.

Apart from rate rationalisation, the Council is expected to see a stormy discussion around compensation payout to states with Opposition-ruled states aggressively pushing for its continuation beyond the five-year period which ends in June.

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