The Goods and Services Tax (GST) Council headed by Finance Minister Piyush Goyal will meet on Saturday to specifically look at the taxation-related issues faced by the country’s micro, small and medium enterprises (MSMEs), a sector that is still grappling to adapt to the changes in the new tax system.
The format of the 29th meeting of the Council—the highest decision-making body under the indirect tax system–will be different this time as they will be meeting without any formal consolidated agenda note.
A panel of officers, comprising bureaucrats from the Centre and states, that generally meets a day ahead of the main meeting, will not gather this time around.
State finance ministers, who are also members of the Council, will discuss the issues that the small industries of various states are facing. This has never been a norm in any of the meetings till date.