GST Council Meeting Today: Some big decisions can be made

Some major decisions can be taken today during the GST Council meeting. In this meeting, how to compensate for the economic loss of various central and state governments, these issues can be discussed. Apart from this, a decision can also be taken on imposing 3% GST on the prices of gold and silver. Let us tell you that on which issues important decisions can be taken by the GST Council.

States have to find options for their economic status

In Corona period, what is common condition of the common man and the state government, financially tight. In such a situation, there can be a discussion in the GST Council on how to compensate the economic losses and economic recession to the state governments through the GOM. Because in the midst of ever increasing economic crisis, the central government is not ready to borrow any kind of money.

GST may have to be given for selling old gold jewelery

While people buy gold and silver on the one hand, it will be useful to them in difficult times and will be sold at expensive prices. On the other hand, in the meeting of the GST Council today, it can be decided that whatever amount will be received on selling old jewelery or gold, people will have to pay 3% GST because recently GOM group has showed acceptance of 3% GST on the sale of jewelery by individuals. All people have almost agreed to the proposal to plan. In this situation, selling your gold can bring you under GST.

Now GST Counsil can come for e-way Bill rules for shopkeepers

Many major changes will be made in the GoM. In addition, new rules will also be introduced for tax evaders. The GoM can also be decided on whether jewelery shops will now be required to draw an e-bill for their purchase and sale. In many places it is seen that often jewelery vendors run their work by paying raw bills, but today a big decision can be taken on the imperative of the e-wya bill.

GST may be reduced on two wheeler vehicles and sanitizers

In the Corona time, while at one hand sanitizer is an important necessity, on the other hand, two wheeler vehicles are also an important thing for the middle class family. These two things cannot be placed in the category of luxury goods. For this reason, on the demand of traders and frequent sanitizer companies, today the GST Council can also decide that the GST rate on these goods can be reduced and made cheaper for the general public.