You are here: Home » PF » News » Real Estate
;
Business Standard

Decoded: What GST Council decided for taxpayers, big and small

Here's a look at the most important decisions and what they mean for the average taxpayer.

Topics
GST Council | taxpayers

Mumbai 

gst
gst

The coverage of the decisions by the Council in its 42nd meeting on Monday has focused on the compensation to states. While important, this doesn’t have a day-to-day impact on the taxpayer. A number of other decisions taken by the Council do, however. It’s been three years since GST rolled out and the Council clearly feels that it is time to implement those features that were originally envisaged but were kept in abeyance.

Here’s a look at the most important ones and what they mean for the average taxpayer.

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.


We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Wed, October 07 2020. 12:16 IST