The Union Minister for Finance, Defence and Corporate Affairs, Shri Arun Jaitley will chair the 16th Meeting of the GST Council scheduled to be held on Sunday, 11th June, 2017 at Vigyan Bhavan in the national capital. The one day Meeting will also be attended among others by the Finance Ministers of different States and UTs (having elected assembly) being the members of the GST Council. Main agenda items of the 16th GST Council Meeting include confirmation of the minutes of the 15th GST Council meeting held on 3rd June, 2017, approval of amendments to draft GST Rules and Rate Adjustment, if any, based on the representations received from different trade and industry and their associations. This meeting will be important in the sense that the GST Law is going to be rolled-out with effect from 1st July, 2017.

GST Council meeting to approve draft rules amendments and rate adjustments prior to nationwide GST rollout. The 16th GST Council meeting, chaired by the Union Finance Minister on 11 June 2017, considered confirmation of prior minutes, approval of amendments to the draft GST Rules, and assessment of trade and industry representations for potential rate adjustments, with the objective of finalising regulatory instruments and rates ahead of the Goods and Services Tax rollout.