UPSC Mains Answer Writing Practice Booklet: Pragati Notebooks – Spiral and Detachable sheets Click Here to know more and order
News:The 37th Goods & Services Tax(GST) Council meeting was held on 20th September 2019.
Facts:
Key Highlights of the meeting:
- Uniform GST rate of 12% to be levied on polypropylene bags and sacks used for packing of goods
- GST exempted on specified defence goods not manufactured in India
- Group insurance schemes for paramilitary forces under the Home Affairs ministry to be exempted from GST.
- GST rate on caffeinated beverages raised from 18% to 28% with 12% compensation cess. Aerated drink manufacturers shall not be under the composition scheme anymore.
Facts:
About GST Council:
- Goods & Services Tax(GST) Council is a constitutional body for making recommendations to the Union and State Government on issues related to Goods and Service Tax.
- As per Article 279A (1) of the constitution, the GST Council was constituted by the President.
- The council consists of the following members: (a) The Union Finance Minister is the Chairperson (b) The Union Minister of State in-charge of Revenue of finance and (c) The Minister In-charge of finance or taxation or any other Minister nominated by each State Government.
Discover more from Free UPSC IAS Preparation Syllabus and Materials For Aspirants
Subscribe to get the latest posts sent to your email.
