Analysing Changes Announced in GST Council Meeting

Episode Duration:
100 minutes

Episode Background:
On June 29, the GST Council concluded its 47th meeting convened over 2 days in Chandigarh just before the completion of 5 years journey.

Some of the Key Highlights of the meeting were as follows:

1. Rate Rationalization has been carried out for Goods & Services falling mainly under the 5%/ 12% category with an intent to remove inverted duty structure
2. Clarifications have been recommended on many contentious and dispute-prone issues
3. Exemptions have been withdrawn on multiple goods/ services with an intent to enhance tax collections, leading to a lot of new taxpayers coming within the tax net
4. Many changes have been proposed as a measure of trade facilitation
5. Lastly, multiple changes are recommended to streamline the compliances under GST

What shall the episode cover?
Against this backdrop, Taxsutra in association with Hiregange Academy is delighted to present to you a timely episode on “Threadbare Analysis of Changes Recommended in 47th GST Council Meeting”. In this episode, Chartered Accountants Mr. Madhukar N. Hiregange [Founding Partner], Mr. Ashish Chaudhary [Partner] & Mr. Ravi Kumar Somani [Partner] from Hiregange & Associates LLP has exhaustively, (i) analysed the aforesaid changes, (ii) provided its impact on the industry (iii) dissected the impact of the clarifications & (iv) thrown light on the way forward.