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of <h1>GST Council's 49th Meeting: Discusses Tribunal Setup, CGST Act Amendments, and GST Rate Changes on Key Goods.</h1> The 49th GST Council meeting, chaired by the Union Finance Minister, discussed several key issues. The agenda included confirmation of the 48th meeting minutes, establishment of the Goods and Services Tax Tribunal, and ratification of various notifications and circulars. Amendments to the CGST Act, including changes to registration requirements and late fee rationalization, were considered. The Council also reviewed recommendations on GST rate changes, particularly for goods like Rab and pencil sharpeners. Reports from various Groups of Ministers were discussed, focusing on capacity-based taxation and the feasibility of e-way bills for gold. The Council approved proposals from GSTN and reviewed the GST revenue position, noting significant growth. The meeting concluded with acknowledgments to the Council members and the Chairperson.
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