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The 53rd meeting of the GST Council
Category: GST, Posted on: 23/06/2024 , Posted By: Amit Joshi
Visitor Count:2051

GST Council Meeting: Date & Time

The 53rd meeting of the GST Council was held today June 22, 2024 at New Delhi 2:00 PM.

Recommendations of 53rd GST Council Meeting.

Important Highlights

 

  • Waiving interest and penalties for demand notices issued under Section 73 of the CGST Act (i.e. the cases not involving fraud, suppression or wilful misstatement, etc.) for the fiscal years 2017-18, 2018-19 and 2019-20, if the full tax demanded is paid upto 31.03.2025.


  • Avail input tax credit w.r.t. any invoice or debit note under Section 16(4) of CGST Act, through any GSTR 3B return filed upto 30.11.2021 for FY 2017-18, 2018-19, 2019-20 and 2020-21, may be deemed to be 30.11.2021.


  • Monetary Limit  related restriction of Rs. 20 lakh for GST Investigative Court, Rs. 1 crore for High Court and Rs. 2 crore for High Court, for recording of requests by the Division, to diminish case. Also, reduced pre deposit requirements.


  • Roll-out the biometric-based Aadhaar authentication of registration applicants on pan-India basis in a phased manner.


  • GST Appellate Tribunal will start from a date to be notified by the Government.


  • No levy interest u/s 50 of CGST Act in case of delayed filing of return, on the amount which is available in Electronic Cash Ledger (ECL) on the due date of filing of the said return.


  • Exemption of certain services provided by Indian Railways to common man and also intra railway supplies also certain exemptions related to accommodation services, providing relief to students and working professionals.


  • Change in due date for filing of return in FORM GSTR-4 for composition taxpayers from 30th April to 30th June.


This are the high lights only all details recommendation can be downloaded from the below link.


https://foxly.link/Tax-Treat


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