GST Council meets today for first-time post lockdown

The 40th GST council meeting will be held on Friday under the chairmanship of Finance Minister Nirmala Sitharaman. Members of the GST Council will discuss the issues over video conferencing for the first time post the Covid-19 lockdown.

• The impact of Covid-19 on states may also come up during the discussions in the meeting.
• The Council will likely decide on ways to garner funds to compensate states for the revenue loss due to Goods and Services Tax (GST) implementation.

Update by Faiza Anwar