June 2022 (Week 5)

GST NEWS BULLETIN

Revised GST Rates

GST Rates are revised in the 47th GST Council Meeting held in Chandigarh headed by Union Finance Minister Nirmala Sitharaman. Following is the list of what got Cheaper and what got Costlier.

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GST Compensation Cess

Some states demanded an extension of GST compensation to states for a few more years, however, the Council has taken no decision on extending beyond this month the compensation paid to states for revenue lost from the implementation of GST.

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We trust you will find this Journal informative as well as useful.
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Knowledge Updates Team
AKGVG & Associates
(Chartered Accountants)

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