The 22nd meeting of the all-powerful GST Council that began today at Vigyan Bhavan in the national capital is expected to provide some much-needed relief to traders and exporters, particularly small and medium businesses.
The Council’s meeting comes in the backdrop of a string of complaints and attacks on the new all-pervasive national tax regime that set out to achieve the idea of ‘One Nation, One Tax’.
On the Council’s agenda at today’s meeting is a relook at procedures for businesses and discussions on changes that need to be brought about based upon the learnings of the government and the feedback it has received in the three months since GST launch.
Note that the central government can only propose a change and the final decision can only be taken by the GST Council.
The meeting comes close on the heels of Prime Minister Narendra Modi’s address at an ICSI event on Wednesday where he promised that the government would fix glitches pertaining to the GST. This was followed up with the PM’s over three-hour brain-storming session with Finance Minister Arun Jaitley and BJP chief Amit Shah on Thursday.
As the meeting concludes, traders and businesses will be waiting for some relief from the government with bated breath.