GST Council · 2016-09-30 · New Delhi

2nd GST Council meeting: key decisions

The second meeting took up confirmation of the first meeting's minutes and draft subordinate rules for the new tax. The Council approved draft GST rules on the core processes of registration, payment, returns, refunds and invoices so that they could be released for consultation. It also discussed how the 'revenue' of States would be defined for computing compensation, with 2015-16 under discussion as the base year.

Chaired by Arun Jaitley, Union Finance Minister.

Law and procedure

  • Approved draft GST rules and formats on registration, payment of tax, returns, refunds and invoices, for publication and stakeholder feedback.

Other

  • Continued deliberations on the definition of revenue to be protected for compensation, with 2015-16 discussed as the base year.
  • Deferred approval of parts of the first meeting's minutes concerning dual control because members held differing views, and asked officers to examine the issue further.

Official documents

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