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Writer's pictureSRP Global Consultants

Press Release of 49th Meeting of the GST Council18th February, 2023

1. Government of India has decided to clear the entire pending balance GST compensation of Rs. 16982 crore for June’2022 as shown in the table below.

2. GST Appellate Tribunal

3. Approval of the Report of GoM on Capacity Based Taxation and Special Composition Scheme in certain Sectors on GST

4. Recommendations relating to GST rates on Goods and Services

5. Measures for facilitation of trade

6. Amendment to Section 62 of CGST Act, 2017 to extend timelines under sub-section (2) thereof and one time amnesty for past cases.

7. Rationalisation of Late fee for Annual Return

8. Amnesty in respect of pending returns in FORM GSTR-4, FORM GSTR-9 and FORM GSTR-10

9. Rationalization of provision of place of supply of services of transportation of goods.


FOR MORE DETAILS, REFER THE ATTACHED PRESS RELEASE




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