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of <h1>GST Council Approves Draft Rules on Input Tax Credit, Valuation, and More; Seeks Public Comments Before Next Meeting.</h1> The 13th GST Council Meeting, chaired by the Union Finance Minister, was held on March 31, 2017, in New Delhi. Key agenda items included confirming the minutes of the 12th meeting, approving draft GST rules on Input Tax Credit, Valuation, Transitional Provisions, and Composition, and amending previously approved rules on Registration, Return, Payment, Refund, and Invoice. Discussions addressed the complexity of certain rules, the need for clarity, and specific concerns from states like Jammu & Kashmir and smaller northeastern states. The Council agreed to circulate the draft rules for public comment and scheduled the next meeting for May 18-19, 2017, in Srinagar.
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