GST Council Meeting

The GST Council Meeting is held every few months to discuss rate changes or to update new changes in GST law. The GST council meetings are highly anticipated and are crucial for the growth and development of business communities in the country. Until now, we have had 46 GST council meetings that laid guidelines, rules and regulations plus law changes, exemptions among other significant changes in GST.

What is GST Council?

GST – Goods and Service Taxation received a go-ahead from the government of India in 1999. It was then worked upon for years and was finally implemented in July 2017. GST is governed by the GST council which is a joint forum for the Center and the States.

Why is the GST Council formed?

The council is responsible for modifying, reconciling or procuring any law or regulation related to GST. They make key decisions regarding GST rate changes, filing due dates, tax laws, and deadlines among other significant tax and other related rules for all states. The GST Council conducts GST Council Meetings to take these significant decisions and then make the official announcement of the same.

Members of the GST Council

The GST Council is headed by the chairperson who is the union finance minister of the country and is assisted by finance ministers of all states of India. The vice-chairperson of the council is chosen by the State Finance Ministers’ who is generally one amongst themselves. The current chairperson of the GST Council is Honorable FM Nirmala Sitharaman.

Following are all the changes and upgrades that took place in every GST council meeting till date:
The Most Recent being the 55th and the Oldest being the 11th GST Council Meeting Key Highlights