GST

GST gets reviewed, Council holds 21st meeting in Hyderabad

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GSTIn response to the demands of the States asking for the review of Goods and Services Tax (GST), 21st GST Council meeting was commenced in Hyderabad.

The meeting discussed several glitches faced by the traders while filing their first returns post the roll out of GST  in July.

The issue was flagged off by the State Finance Ministers hinting at the technical problems encountered by the GST Network’s (GSTN) portal.

Through this meeting, the GST Council will take decisions on the critical issue of increase in cess rate on motor vehicles.

In its last meeting,  the Council approved a proposal demanding a modification in compensation law and raise the level to 25 per cent from 15 per cent now. Cess is levied in addition to 28 per cent GST.

Amit Mitra, Minister of  Finance, West Bengal demanded a white paper on the functioning of GSTN.”Breakdown or technical glitches on GSTN portal shows GST was implemented in a haste and council will review it,” said Mitra.

“Issues faced on GSTN are operational and technical…These issues on portal would have happened even if GST was implemented a year later,” Haseeb Drabu, Minister of Finance, Jammu and Kashmir.
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