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Current Affairs

38th GST Council Meeting

Current context: The Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman chaired the 38th meeting of the GST Council on 18th Dec 19.
38th GST Council Meeting 
  • The council refrained from any generalized rate increase or removal of exemptions.
  • The GST Council had earlier asked the state governments about their views on reviewing rates and 21 states voted in favour of a uniform rate during the Voting.
  • The GST council for the first time after the launch of GST has taken a decision through the voting route instead of consensus-based decision making.
  • The major decisions taken at the meet are:
    1. The council voted for a uniform GST rate of 28% on state-run and authorized lotteries across the country, effective from 1st March 2020.
    2. It was decided to extend the annual date of GSTR 9 filing to January 31, 2020.
    3. The GST Council rationalised tax rate on woven and non-woven bags to 18%.
    4. Levy of penalty relaxed for non-filing of GSTR-1 from July 2017.
    5. GST Council exempts long term lease on industrial plots to facilitate setting up of industrial parks.
    6. To set up grievance redressal committees at Zonal/state level.
    7. Decides to slash input tax credit to 10% from 20% presently.

Question: 

Q.1 Recently, at the GST council, has decided to put a uniform GST rate of ______% on state run and authorized lotteries across the country?
a. 5%
b. 12%
c. 18%
d. 28%
e. None
38th GST Council Meeting 38th GST Council Meeting Reviewed by Neha Verma on December 20, 2019 Rating: 5

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