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of <h1>GST Council Meeting: Amendments, Service Tax Jurisdiction, and Approval of Draft Rules on Registration and Refunds.</h1> The second GST Council meeting, chaired by the Union Finance Minister, focused on several key issues. The Council discussed amendments to the draft minutes of the first meeting, including revenue compensation and input tax credit reversals. There was significant debate over the administration of service tax, with differing views on jurisdiction between the Centre and States. The Council also approved draft GST rules on registration, payment, return, refund, and invoice. Additionally, the treatment of existing tax incentive schemes was addressed, deciding that entities must pay taxes under GST, with any continued incentives managed through reimbursement mechanisms. The next meeting was scheduled for October 2016.
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