New Delhi: Union Finance Minister Nirmala Sitharaman said that the GST Council on Saturday reduced the Goods and Services Tax on liquid jaggery, pencil sharpeners and some tracking devices. Briefing the media after the 49th meeting of the GST Council, the Minister also informed that the reports of the GOM (Group of Ministers) on the investigation of tax evasion by the Pan Masala and Gutkha industry and the Goods and Services Tax Appellate Tribunal (GSTAT) have arrived Are. taken on board.
He further said that all GST compensation including Rs 16,982 crore for the month of June will be paid. ,Also Read: SBI Vs PNB Vs HDFC Vs BOB: Latest Home Loan Interest Rate Comparison,
The Finance Minister further said that the GST Council has decided to rationalize the late fee on filing of annual GST returns after the due date. ,Also read: SBI vs HDFC vs ICICI vs PNB vs BOB: Comparison of minimum balance and penalty charges in savings accounts,
The meeting was attended by finance ministers of states and union territories (along with the legislature) and senior officials of the central government and states.