GST Council Meet: Higher tax on textiles, footwear likely to be put on hold

The 46th GST Council meeting is underway and some key decisions are likely to be taken by the members. Rate rationalisation seems to be one of the key agendas of the meeting and the Group of Ministers (GoM). Finance Minister Nirmala Sitharaman will hold a press conference at 3 pm to announce the decisions taken…

SC asks GST Council to look into anomalies related to refund assessment formula

The Supreme Court (SC) has asked the Goods and Services Tax (GST) Council to take note of anomalies in the present act and look into the assessment formula for claiming refunds. While pronouncing its judgement, the SC said, “Provisions of Article 246a are available to both parliament and state. Article 246a embodies…