GST dues to States to be fully cleared today subject to formalities of fund audit report:

As per the decision made in GST Council meeting the GST compensation to states pertaining to 2020-21 has been released today. The state of Tamil Nadu is expected to receive Rs 4,233 crores.

GST

CA Pratibha Goyal

Feb 18, 2023

Last update on Feb 18, 2023

GST dues to States to be fully cleared today subject to formalities of fund audit report As per news Sources, the GST dues to States are to be fully cleared today. This is subject to formalities of the fund audit reports. As per the decision made in GST Council meeting the GST compensation to states pertaining to 2020-21 has been released today. The state of Tamil Nadu is expected to receive Rs 4,233 crores.

GST Rate on pencil sharpeners

The GST rate has been reduced to 12%. The current GST rate of pencil sharpeners is 18%.

GST Council defers GST Appellant Tribunal

As per the news sources, the GST Tribunal subject has been postponed by GST Council for next time after some more refinement incorporating suggestions from some states. 13 members of the GST Council have opposed recommendations made by GoM on Appellate tribunals.

About Author

CA Pratibha Goyal

Co Founder

CA Pratibha Goyal is Chartered Accountant qualified in 2016, is a Member of The Institute of Chartered Accountants of India having wide experience in the field of Auditing, Taxation, ROC, GST and Secretarial matters etc. She has written over a thousand articles & has made several videos on topics related to Auditing & Taxation. As a Speaker she has delivered various sessions on various branches of NIRC of ICAI.