The 46th meeting of the Goods and Services Tax (GST) Council is being held in the national capital under the chairmanship of Union Finance Minister Nirmala Sitharaman.
Finance ministers of States and Union Territories and senior officials are present in the meeting held at Vigyan Bhawan in New Delhi.
Union ministers of state (MoS) in the Ministry of Finance, Pankaj Chaudhary and Dr Bhagwat Kishanrao Karad, besides the senior officials in the Ministry of Finance, are also attending the meeting.
The meeting holds significance as it is taking place ahead of the Union Budget for 2022-23, which is scheduled to be presented in Parliament on February 1, 2022. This will be the fourth budget of the Prime Minister Narendra Modi-led NDA government in its second tenure.
FM Nirmala Sitharaman will also address media briefing on the outcomes of 46th GST Council meeting at 3:00 pm on December 31.
Meanwhile, Nirmala Sitharaman chaired the pre-budget consultations on Thursday with the Finance Ministers of States and Union Territories (with Legislature) for Union Budget 2022-23 in Delhi.
The meeting was attended by Union Ministers of State for Finance, Chief Ministers, Deputy Chief Ministers, Finance Ministers, Ministers and Senior Officers from the States and Union Territories (with Legislature) and the Union Government, the Ministry of Finance said in an official press release.
The Union Finance Secretary welcomed all the participants to the deliberation and informed the importance of this particular consultation meeting. Most of the participants thanked the Union Finance Minister for financially supporting their States/Union Territories during the worst months of pandemic, by enhancing borrowing limits, providing back-to-back loans to States, and through Special assistance for capital expenditure.
The participants in the meeting on Thursday gave numerous suggestions to the Union Finance Minister for inclusion in the Budget Speech. The Finance Minister thanked the participants for their inputs and suggestions towards Union Budget 2022-23 and assured to examine each of the proposals.
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