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49th Meeting Of GST Council

49th Meeting Of GST Council:

The 49th meeting of the council was recently chaired by Finance Minister Smt Nirmala Sitaraman. Outstanding GST cess dues to the states were cleared.


  • GST on liquid jaggery, pencil sharpeners, and tracking devices was reduced
  • A report of the GST Appellate Tribunal was adopted; certain modifications were introduced
  • Capacity-based taxation introduced in certain sectors
  • To Plug the leakages in GST collections
  • There are leakages in the revenue collection from certain products like tobacco, Gutkha, Pan Masala, etc. The following recommendations were made for these products
  • GST on rab reduced from 18% to 5%
  • GST on pencil sharpener reduced from 18% to 12%
  • Council recommended Amnesty Scheme
  • Late Fees for returns rationalized