TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>GST Council Extends Compensation Cess, Approves UPI/IMPS Payments, and Exempts GST on ISRO Launch Services.</h1> The 42nd GST Council meeting, held on October 5th and 12th, 2020, addressed various agenda items, including confirmation of previous meeting minutes, GST notifications ratification, and updates on the Return Enhancement and Advancement Project (REAP). Key discussions included issues related to GST compensation shortfall, with the Council approving the extension of the GST Compensation Cess beyond June 2022 to cover the shortfall. The Council also deliberated on borrowing options for states to meet compensation gaps, with 23 states opting for one of the provided options. Additionally, the Council approved enabling UPI and IMPS as payment options for GST, and exempted GST on satellite launch services by ISRO and its entities for Indian private enterprises.
TaxTMI 
TaxTMI 
