June 2022 arrears will be disbursed. The decision to distribute GST compensation cess of Rs 16,982 crore to the states will also be a relief for Kerala. The Finance Minister will pass the final report on the GST Applet Tribunal. Disagreement in the meeting on the subject. There is a demand for establishment of special applet tribunals for resolution of GST disputes. When a section says that a tribunal can be set up in Delhi, there is a demand for a separate tribunal in states including Kerala.
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Why are taxes reduced?
GST will be reduced on certain tracking devices and pencil sharpeners.
GST on loose jaggery pani has been reduced from 18 percent to zero. If it is pre-packaged and labelled, the tax rate will be five percent. No tax payable if loose. Pan masala will be taxed. The GST Council also recommended rationalization of late fee for late filing of annual return
The meeting held in Delhi was attended by Minister of State for Finance Pankaj Chaudhary and state ministers of state.
