A brief overview of the decision at the 53rd GST Council Meeting & circulars thereon
Here is the shortest compilation of the key decision of the 53rd GST Council Meeting and circular issued therafter:
1.Time limit for ITC availment under Section 16(4) to be retrospectively extended till 30th November for FY 2017-18 till FY 2020-21
2. For demand notices issued under Section 73 for FY 2017-18 till FY 2019-20, waiver of interest and penalty if tax paid till 31st March 2025
3. Pre- deposit amount for appeals before appellate authority and GST Tribunal to be reduced
4. Time limit for filing appeal before GST Tribunal to be counted from the date of notification in Official Gazette
5. No interest applicable on amount present in the electronic cash ledger on the due date of filing Form 3B which is debited at the time of filing 3B
6. Insertion of Form GSTR-1A to report additional invoices missed while filing Form GSTR-1 for a tax period
7. Biometric Aadhar authentication to be made effective on PAN India basis
8. Services of railways for sale of tickets, facility of renting of room, cloak rooms, sale of battery operated vehicles etc to be exempt
9. Services of hostel accommodation outside educational institutions for students to be exempt Upto INR 20k per person per month provided continuous stay of 90 days.
10. Monetary limit for appeals by the department to be notified as INR 20 lakhs, INR 1 Cr and INR 2 Cr before GSTAT, High Court and
The copy of the order is as under:
