Nirmala Sitharaman chairs 48th GST Council meeting

Nirmala Sitharaman chairs 48th GST Council meeting

Daily Current Affairs / Nirmala Sitharaman chairs 48th GST Council meeting

Change Language English Hindi

Category : Business and economics Published on: December 20 2022

Share on facebook

Union finance minister Nirmala Sitharaman on Saturday chaired the 48th meeting of the GST Council.
The Finance Minister informed in the press conference that the meeting had 15 items on its agenda out of which seven items couldn't be taken up.
Private refiners will also be allowed a concessional 5 percent GST rate similar to oil marketing companies (OMCs) for blending ethanol with petrol to provide a level playing field.
GST Council gave a nod on decriminalising certain laws and also extended the threshold for prosecution to Rs 2 crore.
The 48th GST Council meeting holds significance as it is the last before the Union Budget which will be tabled in Parliament on February 1, 2023.

Recent Post's

Aernnova Aerospace signs a $300 million contract with Mahindra Aerostructures to manufacture aircraft components for Airbus and Embraer.
Read More....
Smriti Mandhana regains No.1 spot in ICC ODI batting rankings after six years.
Read More....
Hindustan Zinc to invest ₹12,000 crore to set up a new integrated zinc smelter in Rajasthan.
Read More....
Indian Army contingent departs for 8th India-France joint military exercise SHAKTI in France.
Read More....
U Mumba wins their first-ever Ultimate Table Tennis title with an 8-4 victory over Jaipur Patriots.
Read More....
Indian boxer Nishant Dev wins his second professional fight at Madison Square Garden, New York.
Read More....
CCI approves Delhivery’s acquisition of 99.44% stake in Ecom Express.
Read More....
Ministry of Panchayati Raj to sign MoU with Bhashini to improve multilingual e-Governance.
Read More....
Fast-food chain Dairy Queen, owned by Warren Buffett, to enter Indian market via Devyani International.
Read More....
Tom Cruise, Dolly Parton, Debbie Allen, and Wynn Thomas to receive honorary Oscars in 2025.
Read More....