NITYA | Update on 47th GST Council Meeting – 2nd Edition
GST Council concluded its 47th Meeting on June 29, 2022 after a gap of 6 months. The common theme running through most of the proposals appears to be of increasing revenue collection. Further, expectations for clarity on GST on Ocean Freight (amidst much-talked about recent Supreme Court ruling) was not met and remains an open issue. Recently, several Notifications and Circulars have been issued to give effect to the decisions taken. A careful analysis of the same gives insight to the fine print of decisions taken by the Council.
Please click on the below link to ‘NITYA | Update on 47th GST Council Meeting – 2nd Edition’ containing our insights on various Notifications and Circulars issued.
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