GST Council Meets Dec 31, 2021: The GST Council is scheduled to meet on December 31, Friday at 11 am. The meeting will be chaired by finance minister Nirmala Sitharaman. The council is set to discuss, among other things, report of the panel of state ministers on rate rationalisation. This will be a physical meeting, which will also discuss correction in duty inversion in certain goods. The 46th GST Council meeting will be held in Delhi, an official told PTI. The Group of Ministers (GoM) on rate rationalisation will submit report to the Council today. The panel has reviewed items under an inverted duty structure to help minimise refund payout.
Source a2ztaxcorp
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