29th GST Council Meeting Key Highlights and Decisions, 29th GST Council Meeting, 29th GST Council Meeting Key Decisions, GST Council Meeting Highlights

Finance Minister Piyush Goyal chaired the 29th Goods and Services Tax (GST) council meeting at Vigyan Bhawan on Saturday. 29th GST Council meeting held in New Delhi today to discussed issued MSME Sector’s issue. The Special meeting was aimed to discuss the issues of the Micro, Small and Medium Enterprises (MSMEs).

157 issues were submitted before the Council. While addressing the media after the meeting, the Finance Minister Piyush Goyal said that several issues related to small businessmen and retailers were discussed in the meeting.

Below are the Key Highlight of 29th GST Council Meeting:

• GST Council has approved the decision to give incentives on digital payments using BHIM app. The Council approved 20% cashback for the GST paid, capped at Rs 100. via BHIM app, Rupay, Debit Card Etc.The GST Council has recommended to develop such software and any State willing to do so can implement the same on a pilot basis.
• The meeting of the GST Council was held today for the interest of traders in the country’s MSME sector. GST council has decided to form a sub-committee under the leadership of Shiv Pratap Shukla, Minister of State for Finance. This Commitee will do in depth study of the issues of MSMEs and Small Taxpayers and thereafter will put suggestions before GST Council.
• In the end Finance Minister Piyush Goyal has thanked Finance Ministers of All the States.

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29th GST Council Meeting, 29th GST Council Meeting Key Decisions, GST Council Meeting Highlights