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GST Council meet
Why is it in the news?
- The upcoming GST Council is set to meet on Friday.
- The meeting could see rate reductions for electric vehicles (EVs) and the extension of the term of the National Anti-Profiteering Authority till November 2020.
More in the news
Measures likely :
- The GST Council will on Friday consider slashing GST rate on electric vehicles to 5 per cent, from 12 per cent currently.
- A couple of anti-evasion steps such as integration of e-way bill with NHAI’s FASTag.
- Asking states to make e-ticketing mandatory for all movie halls.
- The Council will also consider tweaking GST rate on lottery.
- The Council would also deliberate on setting up a national bench of the Appellate Authority for Advance Ruling to reconcile the contradictory orders on similar issues passed by the Authority for Advance Ruling in different states.
GST Council:
- Goods & Services Tax Council is a constitutional body for making recommendations to the Union and State Government on issues related to Goods and Service Tax.
- The GST Council is chaired by the Union Finance Minister and other members are the Union State Minister of Revenue or Finance and Ministers in-charge of Finance or Taxation of all the States.
Source
The Hindu.