Check out what ELPLAW Experts says about GST Council’s 47th Meeting.

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GST Council’s 47th Meeting- Experts React!
Jul 5, 2022
Author(s) :
Nishant Shah (https://elplaw.in/people/nishant-shah)
The culmination of the 47th GST Council Meeting, right at the cusp of the GST 5th anniversary saw re-
organisation of rates of various goods and services as well as compliance particulars. Over the course of 2
days, the Council discussed several key issues like exemptions, correction of inverted duty, revising rates
of various items, etc.
Against this backdrop, Nishant Shah, Partner at Economic Laws Practice (ELP) has been quoted
by Taxsutra in their Tax-Expert section. He says, “The GST Council has recommended modification of rates
for a number of goods and services on the higher side. However, the same has rightly been termed as
rationalization, since such increase in rates will facilitate removal of inverted duty structures. Several other
decisions are also expected to positively impact businesses. However, a clearer picture will emerge once
the fine print is available, when the underlying notifications and circulars giving effect to these
recommendations are issued.”
Read the detailed comment here: https://bit.ly/3IdwUry (https://bit.ly/3IdwUry)
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