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

GST Council recommends the time limit to avail input tax credit with respect to any invoice or debit note under Section 16(4) of the CGST Act, through any GSTR 3B return filed up to 30.11.2021 for FY 2017-18, 2018-19, 2019-20, and 2020-21, may be deemed to be 30.11.2021.

GST Council recommends a reduction of the quantum of pre-deposit required to be paid for filing appeals under GST.

GST Council recommends amending provisions of the CGST Act to provide that the three-month period for filing appeals in the GST Appellate Tribunal will start from a date to be notified by the Government.

To ease the interest burden of the taxpayers, GST Council recommends not to levy interest under Section 50 of the CGST Act in case of delayed filing of returns, on the amount which is available in the Electronic Cash Ledger (ECL) on the due date of filing of the said return.

GST Council recommends a sunset clause from April 1st, 2025, for the receipt of any new application for Anti-profiteering.

GST Council recommends exemption from Compensation Cess leviable on the imports in SEZ by SEZ Unit/developer for authorized operations from 1st July 2017.

GST Council recommends 12% GST on milk cans (steel, iron, aluminum) irrespective of use; Carton, Boxes and Cases of both corrugated and non-corrugated paper or paper-board; Solar cookers whether single or dual energy source; and sprinklers including fire water sprinklers.

GST Council recommends exemption of certain services provided by Indian Railways to the common man and also intra railway supplies.

GST Council recommends certain exemptions related to accommodation services, providing relief to students and working professionals.

GST Council recommends rolling out the biometric-based Aadhaar authentication of registration applicants on a pan-India basis in a phased manner.

Posted On: 22 JUN 2024 7:43PM by PIB Delhi

The 53rd GST Council met under the Chairpersonship of Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman in New Delhi today. The meeting was also attended by Union Minister of State for Finance Shri Pankaj Chaudhary, Chief Ministers of Goa and Meghalaya, Deputy Chief Ministers of Bihar, Haryana, Madhya Pradesh, and Odisha, besides Finance Ministers of States & UTs (with legislature) and senior officers of the Ministry of Finance & States/UTs.

The GST Council, inter alia, made the following recommendations relating to changes in GST tax rates, measures for facilitation of trade, and measures for streamlining compliances in GST.

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