As per the recent tweet of ET Now @ETNOWlive, the following are the expected agendas for the GST Council meeting scheduled on 28th May 2021:
- GST Council to mull extension of compensation period by up to 5 years, beyond July 2022
- GST Council to seek exemption/rate cut on Covid-19 related supplies
- GST Council to mull on levy of 12% tax on import of oxygen concentrators for personal use
- GST Council to discuss reduction in late fees for late filing of GSTR 3B returns since July 2017
- GST Council to discuss allowing quarterly payments for businesses with turnover of Rs 5 cr filing quarterly returns
- GST Council to discuss the need for more manpower for GST Network for smooth functioning of the IT backbone
The tweet is as under for ready reference please:
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