The 47th meeting of the Goods and Services Tax (GST) Council, chaired by Union Finance Minister Nirmala Sitharaman was held in Chandigarh. Over the course of 2 days, the Council discussed several key issues like exemptions, correction of inverted duty, revising rates of various items, etc.
Against this backdrop, Ritesh Kanodia, Partner at Economic Laws Practice (ELP) has been interviewed by BQ Prime, where they analyzed the GST Council’s decisions. Ritesh talks about how the accumulated credit under inverted duty structure would affect businesses. He further comments on the withdrawal of exemptions under GST and it’s implications. He also explains and elaborates on the change in rules for e-commerce suppliers.
Click here to listen to the interview: https://lnkd.in/d23MjYUp