Home      Free WhatsApp Updates      Services      Subscription Plans
🔒 Login    
Subscription Plans   
Taxreply tweets
GST News
About GST Library
Subscription Plans
Offers New
GST Case Laws
GST Notifications / Circulars
GST Act / Rules
GST Act / Rules (Amendments)
GST Rates
Classification (Chapter Wise)
Classification (Search Tool)
GST Set-off Calculator
Full Site Search
National Anti-Profiteering Authority
GST Forms   
E-way Bill
Finance Bill
GST Amendment Statistics

GST Council likely to meet on June 14

Finance Ministry not in favour of increasing GST rates on non-essential items

The 40th GST council meeting is likely to happen on June 14. The meeting may happen via video confrencing.

This will be the first meeting of GST council after COVID-19 lockdown. The last GST council meeting (39th Meeting) was done on 14th March 2020.

Tax collection has been hit drastically due to lockdown imposed since March 25 to contain the spread of coronavirus.

The finance ministry is not in favour of increasing goods and services tax rates on non-essential items in this meeting, despite depressed revenue collections due to the nationwide lockdown. 

If goods and services tax (GST) rates are increased on non-essential items, experts believe it will further bring down their demand and impede the overall economic recovery.

Post the lockdown, the demand has to be induced and economic activity has to improve on all fronts, not just on essential items side, they said.

However, the decision will be taken by the GST Council headed by the finance minister.

In the present economic scenario in COVID-19, they said any purported proposal of introducing a calamity cess would be nothing less than adversity itself.

Subscribe to Complete GST Library

Share this article.
Published by


on Jun 1, 2020

Post your comment here !