Home / Knowledge / News / Textiles / Cabinet okays creation of GST Council and Secretariat
Cabinet okays creation of GST Council and Secretariat
12
Sep '16
Post President's approval of the Constitution (122nd Amendment) Bill, 2016, for introduction of Goods and Services Tax (GST) last week, the Union Cabinet has today approved setting up of GST Council and its Secretariat. The GST Council would be headed by Union finance minister and its first meeting will take place on September 22-23, in New Delhi.
 
The GST Council would be created as per Article 279A of the amended Constitution. Its office will be in New Delhi.
 
The Cabinet decided to appoint secretary (revenue) as the ex-officio secretary to the GST Council. It also decided to include chairperson, Central Board of Excise and Customs (CBEC), as a permanent invitee (non-voting) to all proceedings of the GST Council.
 
One post of additional secretary to the GST Council in the GST Council Secretariat (at the level of additional secretary to the Government of India), and four posts of commissioner in the GST Council Secretariat (at the level of joint secretary to the Government of India) would be created.
 
The Cabinet also decided to provide for adequate funds for meeting the recurring and non-recurring expenses of the GST Council Secretariat, the entire cost for which shall be borne by the Central Government. The GST Council Secretariat shall be manned by officers taken on deputation from both the Central and state governments.
 
As per Article 279A of the amended Constitution, the GST Council which will be a joint forum of the Centre and the states, shall consist of the Union finance minister as its chairperson, the Union minister of state, in-charge of revenue of finance as its member, and the minister in-charge of finance or taxation or any other minister nominated by each state government as its members.
 
As per Article 279A (4), the Council will make recommendations to the Union and the states on important issues related to GST, like the goods and services that may be subjected or exempted from GST, model GST Laws, principles that govern Place of Supply, threshold limits, GST rates including the floor rates with bands, special rates for raising additional resources during natural calamities/disasters, special provisions for certain states, etc. (RKS)

Fibre2Fashion News Desk – India


Must ReadView All

VF Corporation to split into two independent companies

Apparel/Garments | On 14th Aug 2018

VF Corporation to split into two independent companies

VF Corporation, a global leader in branded lifestyle apparel,...

Courtesy: Good On You

Apparel/Garments | On 14th Aug 2018

Good On You in Oz adds 500 European brands to rating app

Australia-based Good On You’s brand-rating app has recently added 500 ...

Courtesy: USDA/FAS

Textiles | On 14th Aug 2018

US cotton exports in 2017-18 highest in over a decade

Cotton exports from the US in 2017-18 reached their highest level...

Interviews View All

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Abhishek Dhanuka

Vyom International Pvt Ltd, established in 2002, is one of Surat's leading ...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Mala Alwani

<div>Delhi-based fast fashion womenswear brand, Besiva, aims to bridge the ...

Kazuaki Yazawa
Purdue University

Scientist <b>Kazuaki Yazawa</b> has developed thermoelectric semiconductor ...

Mark Brill
Birmingham City University (BCU)

<div>A technological breakthrough could see people getting messages about...

Mr Ambrose Chan
DSG International (Thailand) PLC

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


August 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search