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13th GST Council Meeting held on 31st March, 2017 in New Delhi (Highlights)

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The thirteenth meeting held on 31st March, the rules on registration, return, payment, refund, debit, credit, and invoices got approval. Furthermore, the four rules were discussed on the topic of input tax credit rules, valuation rules, transitional provisions, and composition rules. In the 14th meeting held on 18th May, the GST rates on goods and GST compensation cess rate got approval.


The 15th meeting was held on 3rd June 2017. The major decision of GST roll out on 1 July was unanimously accepted and pending rules including returns and transition provisions approved by the GST Council. On 11th June 2017, the sixteenth meeting took place with a rate revision of 66 items out of 133 and ended with the finalization of accounting rules


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Blog source : GST Council official.




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