The Union Finance Minister Nirmala Sitharaman addressed the media at the conclusion of the 48th GST Council meeting, which took place in New Delhi on 17th December, Saturday afternoon. In this article, we will focus on the key highlights of the 48th GST Council Meeting, and recommendations on the GST rates on different goods and services. GST Council has 15 items on the agenda of which 8 were discussed and 7 are on hold till further meeting. The meeting was presided over by Smt. Nirmala Sitharaman in the presence of state ministers and the Minister of State for Finance, Shri Pankaj Chaudhary.
The majority of State ministers had other commitments, so the meeting had to finish by 1:30 p.m. which skipped the discussion of about seven agenda items, including the GoM report on the establishment of GST Appellate Tribunals. Due to time constraints, it was unable to debate taxes on cigarettes and gutkha, according to Ms. Sitharaman. These remaining 7 issues will be addressed in the upcoming GST Council meeting, in which Ms Sitharaman expressed hope to take place in person.
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