GST council meet outcomes:
1. Aadhaar has been approved as sufficient proof to obtain GST registration.
2. No major tax cuts were carried out. Even the expectation that there would be a cut in the tax imposed on electric vehicles, from 12% to 5%, was not met.
3.. Another notable decision taken by the council was the one to extend the tenure of the National Anti-Profiteering Authority by two years, till November 2021.
Further, the council increased the quantum of penalty that could be imposed by the authority on profiteering companies, from the current maximum of ₹25,000 to an additional 10% of the profiteered amount. Given that the government has increased the powers of the anti-profiteering body, it would not be surprising if the body becomes a permanent feature under GST.