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53rd GST Council meeting UPSC NOTE

 

  • First meeting after almost nine months

  • Approved measures to help small businesses and discussed tax issues

  • Hostel accommodation worth up to ₹20,000 a month is exempted from GST

  • Exemption for accommodation outside educational institutions, benefiting students, especially from rural areas.

  • Railway services are exempted from GST

  • Products like milk cans, sprinklers, carton boxes, and solar cookers will now have a 12% GST rate.

Biometric-based Aadhaar authentication for GST registrations.

  • It makes faster registration process.

  • It Prevent fraudulent use of input tax credits through fake invoices


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Learnerz IAS | Concept oriented UPSC Classes in Malayalam: 53rd GST Council meeting UPSC NOTE
53rd GST Council meeting UPSC NOTE
Learnerz IAS | Concept oriented UPSC Classes in Malayalam
https://www.learnerz.in/2024/06/53rd-gst-council-meeting-upsc-note.html
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