Various agendas for GST Council meeting on May 28, 2021

As per the recent tweet of ET Now @ETNOWlive, Sources states following agendas for the GST Council meeting on May 28, 2021:

  • GST Council to mull extension of compensation period by up to 5 years, beyond July 2022
  • GST Council to seek exemption/rate cut on Covid-19 related supplies
  • GST Council to mull on levy of 12% tax on import of oxygen concentrators for personal use
  • GST Council to discuss reduction in late fees for late filing of GSTR 3B returns since July 2017
  • GST Council to discuss allowing quarterly payments for businesses with turnover of Rs 5 cr filing quarterly returns
  • GST Council to discuss the need for more manpower for GST Network for smooth functioning of the IT backbone

Source from: https://twitter.com/ETNOWlive/status/1396496232399446018

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