GST council meeting today, what is the agenda?
millets, extending concessional rate of 18% GST on vehicles purchased by visually impaired persons and taxability on corporate guarantee and bank guarantee given by the directors and promoters of the companies.
While no major changes are proposed in GST on goods, the fitment committee is expected to exempt five services supplied to government authorities including water supply, public health, sanitation, solid waste management and slum improvement and upgradation project, an official aware of the discussions at the fitment committee told ET
The council is also expected to relax the eligibility criteria on the Appellate tribunals being set up, giving more time to taxpayers to file tax appeals in the tribunal and enabling the provision of one man company in the GST registration form, the official added.
The council is likely to issue detailed clarification in terms of GST on certain services, including applicability of taxation of re supply of electricity by housing societies, GST on service on the process of making malt from barley and on renting of bus services.
The fitment committee is also learnt to bring all services provided by Indian Railways, under forward charge mechanism, a move which may save India railways Rs 1,300 crore annually, the official said.
The council is also expected to come up with detailed clarification regarding the place of services in case of advertisement service, data centre and co-location service and services provided through mail and courier. The issue has been a reason for the large number of litigation for corporates
The council is also likely to discuss and review GST on services for government related constructions which are not for sale, including like bridges, roads, industrial
