2022
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Chennai
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Srinagar
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Lucknow
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Bhubaneswar
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Detailed explanation-1: -The same week also witnessed the 47th GST Council meeting scheduled at Chandigarh for two days- the 28th and 29th of June 2022. Smt Nirmala Sitharaman chaired the meeting in the presence of the Minister of State for Finance and state ministers, including the MoF (state) Shri Pankaj Chaudary.
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: -a. The 47th GST Council meeting held on 28th –29th June 2022 has discussed the reports tabled by various GoMs on GST rate rationalisation, fixation of GST rate on online gaming, and IT reforms. Key recommendations of the GST Council were pruning exemptions and providing a slew of measures for trade facilitation.
Detailed explanation-4: -It has been recommended to revise the scope of exemption to exclude from it prepackaged and pre-labelled retail pack in terms of Legal Metrology Act, including pre-packed, pre-labelled curd, lassi and butter milk. C. 2 In case of the following goods, exemption from GST will be withdrawn: S.