CURRENT AFFAIRS

Detailed explanation-1: -Download The Economic Times News App to get Daily Market Updates & Live Business News. The 47th GST council meeting, headed by the union finance minister Nirmala Sitharaman , is all set to take place on June 28 and 29 in Srinagar.

Detailed explanation-2: -Since the 48th GST Council meeting was scheduled after a gap of 5-6 months, it had many items on its agenda. The 47th GST Council meeting happened in June 2022. Read on to learn about the highlights, live updates, and key expectations from the 48 GST Council meeting.

Detailed explanation-3: -Union finance minister Nirmala Sitharaman is the chairperson of the Council. The 47th meeting was held in late June 2022, in Chandigarh. The GST Council will next meet on December 17, 2022, in a virtual format.

Detailed explanation-4: -The 47th GST Council Meeting was held on 28th and 29th June 2022 in Chandigarh. After a lot of discussion, a number of recommendations were made by the Council with regard to the inverted duty structure, change in rate of GST, withdrawal of certain exemptions, trade facilitation as well as GST compliances.

Detailed explanation-5: -The 48th Meeting of the GST Council was held on 17th December, 2022 through Video Conference, under the chairpersonship of the Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman.