- Union Finance Minister Nirmala Sitharaman chaired pre-Budget consultations with finance ministers of states and Union Territories
- 53rd meeting of the GST Council took place on June 22, 2024
- GST Council exempts services by way of hostel accommodation outside educational institutions up to ₹ 20,000 per person per month
- Purchase of railway tickets and payments for waiting room and cloak room charges exempted from GST
- No GST on services provided like battery-operated vehicles and intra-railway services
- GST council recommended waiver of interest on penalties on tax demand notice and a uniform rate of 12 per cent on milk cans
- Ms Sitharaman underlined Centre’s support to states through timely tax devolution and GST compensation arrears
- States encouraged to take advantage of scheme where Centre gives 50-year interest-free loan for reforms
Source: a2ztaxcorp.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
