53rd GST Council Meeting | GST | Economy | UPSC | InFocus | Drishti IAS English

The 53rd Goods and Services Tax (GST) Council met in Delhi under the Chairpersonship of Nirmala Sitharaman, Union Minister for Finance and Corporate Affairs, on Saturday (June 22). The council recommended taxes on items such as milk cans and solar cookers and announced some relief for students living in certain kinds of rented accommodation. It also reduced the GST on cartons from 18% to 12% to provide relief to apple farmers in Himachal Pradesh and Jammu and Kashmir. The GST regime came into force after the Constitutional (122nd Amendment) Bill (101th Constitutional Amendment Act) was passed by both Houses of Parliament in 2016. More than 15 Indian states then ratified it in their state Assemblies, after which then-President Pranab Mukherjee gave his assent. It came into effect in 2017 and was billed as an attempt to simplify the existing tax structure in India, where both the Centre and states levied multiple taxes, and to make it uniform. In this video we discuss about how the body (GST Council) functions and why it matters.

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𝐓𝐨 𝐛𝐮𝐲 𝐈𝐀𝐒 𝐏𝐫𝐞𝐥𝐢𝐦𝐬 𝐏𝐞𝐧𝐝𝐫𝐢𝐯𝐞 𝐂𝐨𝐮𝐫𝐬𝐞𝐬 𝐚𝐧𝐝 𝐇𝐢𝐧𝐝𝐢 𝐋𝐢𝐭𝐞𝐫𝐚𝐭𝐮𝐫𝐞 𝐂𝐥𝐢𝐜𝐤 𝐨𝐧 𝐭𝐡𝐞 𝐠𝐢𝐯𝐞𝐧 𝐥𝐢𝐧𝐤𝐬:
 
 
 
 
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𝐅𝐨𝐥𝐥𝐨𝐰 𝐮𝐬 𝐨𝐧 𝐬𝐨𝐜𝐢𝐚𝐥 𝐦𝐞𝐝𝐢𝐚 :
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 👉 𝐋𝐢𝐧𝐤𝐬 𝐨𝐟 𝐘𝐨𝐮𝐓𝐮𝐛𝐞 𝐏𝐥𝐚𝐲𝐥𝐢𝐬𝐭𝐬-
 
 
 
 
 
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 👉 𝐑𝐞𝐚𝐝 𝐌𝐨𝐫𝐞 𝐨𝐧 𝐨𝐮𝐫 𝐰𝐞𝐛𝐬𝐢𝐭𝐞 -
 
 
 

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