{"id":8728,"date":"2023-02-18T13:33:45","date_gmt":"2023-02-18T13:33:45","guid":{"rendered":"https:\/\/www.klickongstworld.com\/blog\/?p=8728"},"modified":"2025-05-31T04:31:23","modified_gmt":"2025-05-31T03:31:23","slug":"recommendations-of-49th-gst-council-meeting","status":"publish","type":"post","link":"https:\/\/www.klickongstworld.com\/blog\/recommendations-of-49th-gst-council-meeting\/","title":{"rendered":"Recommendations of 49th GST Council Meeting"},"content":{"rendered":"

Government of India to clear entire pending balance GST compensation of Rs. 16,982 crore for June2022<\/p>\n

GST Council adopts report of Group of Ministers (GoM) on GST Appellate Tribunal with certain modifications<\/p>\n

GoM report on Capacity Based Taxation and Special Composition Scheme in certain Sectors on GST approved<\/p>\n

Changes in GST rates of “Rab” and Pencil Sharpner<\/strong><\/h3>\n

The 49th GST Council met under the Chairpersonship of Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman in New Delhi today. The meeting was also attended by Union Minister of State for Finance Shri Pankaj Chaudhary besides Finance Ministers of States & UTs (with legislature) and senior officers of the Ministry of Finance & States\/ UTs.
\n The GST Council has,\u00a0inter-alia, made the following recommendations relating to GST compensation, GST Appellate Tribunal, approval of the Report of Group of Ministers (GoM) on Capacity Based Taxation and Special Composition Scheme in certain Sectors on GST, recommendations relating to GST rates on Goods and Services and other measures for facilitation of trade:<\/p>\n

GST Compensation<\/strong> <\/strong><\/p>\n

1. Government of India has decided to clear the entire pending balance GST compensation of Rs. 16,982\u00a0crore\u00a0for June2022 as shown in the table below. Since, there is no amount in the GST compensation Fund, Centre decided to release this amount from its own resources and the same will be recouped from the future compensation cess collection. With this release, Centre would clear the entire provisionally admissible compensation due for five years as envisaged in the GST (Compensation to States) Act2017. In addition, Centre would also clear the admissible final GST compensation to those States who has provided the revenue figures as certified by the Accountant General of the States amounting to Rs. 16,524\u00a0crore.\u00a0<\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

S. No.<\/p>\n<\/td>\n

\n

Name of State\/UT<\/p>\n<\/td>\n

\n

Balance GST compensation pending for June2022 (Rs. In crore)<\/p>\n<\/td>\n<\/tr>\n

\n

1<\/p>\n<\/td>\n

\n

Andhra Pradesh<\/p>\n<\/td>\n

\n

689<\/p>\n<\/td>\n<\/tr>\n

\n

2<\/p>\n<\/td>\n

\n

Bihar<\/p>\n<\/td>\n

\n

92<\/p>\n<\/td>\n<\/tr>\n

\n

3<\/p>\n<\/td>\n

\n

Chhattisgarh<\/p>\n<\/td>\n

\n

505<\/p>\n<\/td>\n<\/tr>\n

\n

4<\/p>\n<\/td>\n

\n

Delhi<\/p>\n<\/td>\n

\n

1212<\/p>\n<\/td>\n<\/tr>\n

\n

5<\/p>\n<\/td>\n

\n

Goa<\/p>\n<\/td>\n

\n

120<\/p>\n<\/td>\n<\/tr>\n

\n

6<\/p>\n<\/td>\n

\n

Gujarat<\/p>\n<\/td>\n

\n

865<\/p>\n<\/td>\n<\/tr>\n

\n

7<\/p>\n<\/td>\n

\n

Haryana<\/p>\n<\/td>\n

\n

629<\/p>\n<\/td>\n<\/tr>\n

\n

8<\/p>\n<\/td>\n

\n

Himachal Pradesh<\/p>\n<\/td>\n

\n

229<\/p>\n<\/td>\n<\/tr>\n

\n

9<\/p>\n<\/td>\n

\n

Jammu and Kashmir<\/p>\n<\/td>\n

\n

210<\/p>\n<\/td>\n<\/tr>\n

\n

10<\/p>\n<\/td>\n

\n

Jharkhand<\/p>\n<\/td>\n

\n

342<\/p>\n<\/td>\n<\/tr>\n

\n

11<\/p>\n<\/td>\n

\n

Karnataka<\/p>\n<\/td>\n

\n

1934<\/p>\n<\/td>\n<\/tr>\n

\n

12<\/p>\n<\/td>\n

\n

Kerala<\/p>\n<\/td>\n

\n

780<\/p>\n<\/td>\n<\/tr>\n

\n

13<\/p>\n<\/td>\n

\n

Madhya Pradesh<\/p>\n<\/td>\n

\n

730<\/p>\n<\/td>\n<\/tr>\n

\n

14<\/p>\n<\/td>\n

\n

Maharashtra<\/p>\n<\/td>\n

\n

2102<\/p>\n<\/td>\n<\/tr>\n

\n

15<\/p>\n<\/td>\n

\n

Odisha<\/p>\n<\/td>\n

\n

529<\/p>\n<\/td>\n<\/tr>\n

\n

16<\/p>\n<\/td>\n

\n

Puducherry<\/p>\n<\/td>\n

\n

73<\/p>\n<\/td>\n<\/tr>\n

\n

17<\/p>\n<\/td>\n

\n

Punjab<\/p>\n<\/td>\n

\n

995<\/p>\n<\/td>\n<\/tr>\n

\n

18<\/p>\n<\/td>\n

\n

Rajasthan<\/p>\n<\/td>\n

\n

815<\/p>\n<\/td>\n<\/tr>\n

\n

19<\/p>\n<\/td>\n

\n

Tamil Nadu<\/p>\n<\/td>\n

\n

1201<\/p>\n<\/td>\n<\/tr>\n

\n

20<\/p>\n<\/td>\n

\n

Telangana<\/p>\n<\/td>\n

\n

548<\/p>\n<\/td>\n<\/tr>\n

\n

21<\/p>\n<\/td>\n

\n

Uttar Pradesh<\/p>\n<\/td>\n

\n

1215<\/p>\n<\/td>\n<\/tr>\n

\n

22<\/p>\n<\/td>\n

\n

Uttarakhand<\/p>\n<\/td>\n

\n

345<\/p>\n<\/td>\n<\/tr>\n

\n

23<\/p>\n<\/td>\n

\n

West Bengal<\/p>\n<\/td>\n

\n

823<\/p>\n<\/td>\n<\/tr>\n

\n

\u00a0<\/p>\n<\/td>\n

\n

Total<\/p>\n<\/td>\n

\n

16,982<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div>\n

2. GST Appellate Tribunal<\/strong> <\/strong>
\n The Council adopted the report of Group of Ministers with certain modifications. The final draft amendments to the GST laws shall be circulated to Members for their comments. The Chairperson has been authorised to finalise the same. \n<\/p>\n

3. Approval of the Report of\u00a0GoM\u00a0on Capacity Based Taxation and Special Composition Scheme in certain Sectors on GST:<\/strong> <\/strong>\n<\/p>\n

With a view to plug the leakages and improve the revenue collection from the commodities like pan masala, gutkha, chewing tobacco, the Council approved the recommendations of the GoM including, inter alia, that<\/p>\n

\n