(Manisha Mahar, Intern Journalist); The next meeting of the GST Council on the issue of GST companies will now be held on 5 October. Earlier this meeting was proposed on 19 September. The GST Council meeting on 5 October will mainly discuss the compensation issue. There is no possibility of any change in GST rates.
In the last GST Council meeting on 27 August, the states were given two options for taking loans. States were given one week to consider these options. 13 states have agreed to adopt one of these two options, but there are many states that do not accept either option of taking loans. These states mainly include opposition ruled states like Kerala, Delhi, Telangana, Chhattisgarh, West Bengal. However, it also includes Tamil Nadu.
After the last meeting, there was a lot of controversy about the compensation from the opposition states. There is an indication from Congress that it will be taken up in the current monsoon session. Chhattisgarh cabinet minister and council member T.S. Singh Dev said that under the two options that the government has taken for taking loans for compensation, the central government will guarantee the loan.
According to sources, there is no possibility of any change in GST rates in the upcoming meeting of October 5. According to sources, the reduction in the GST rate of a commodity will reduce the revenue and by increasing the rate of a commodity, it will become expensive which is not justified in the Corona period.
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