Key Takeaways from 28th GST Council Meeting held on July 21, 2018

PREFACE

The 28th meeting of GST Council, the first one after completion of 1st year of GST, has been special for multiple reasons. The meeting took place with high hopes of setting right the GST legal framework ignited by proposed amendments in the GST law issued few weeks back for public comments. The results of the meeting have indeed been laudable, the rate rationalisation being the most prominent one. The Council also approved significant amendments to the GST law with significant simplification in the return filing process. Our take on these three sets of proposals is as under:

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NITYA-Insight-Key-Takeways-from-GST-Council-28th-Meeting-I-July-25-2018