Key Highlight Of 29th GST Council Meeting

29th GST Council Meeting (2)

Key Highlight Of 29th GST Council Meeting

1. 20% of GST as Cash Back on Digital Transactions

To promote digital transaction, increase compliance and collection in taxes, GST Council on its 29th GST Council Meeting has recommended cash back of 20% of GST paid via Bhima App, RuPay Debit and UPI-based transaction, capped at Rs 100. The GST Council has recommended to develop the software and any State willing to do so can implement the same on a pilot basis.

2. Sub-committee to address MSME Issues

To address the issues of MSMEs and Small Taxpayers, the GST Council has decided to constitute a new Panel/ Sub-Committee to review the concerns of stakeholders on various law related and GST rates related issues, including issues relating to refunds, followed with submission of a report thereon.

Read more 10 new Features on GST Portal you must know

DISCLAIMER: The views expressed are strictly of the author and VJM & Associates LLP. The contents of this article are solely for informational purpose. It does not constitute professional advice or recommendation of firm. Neither the author nor firm and its affiliates accepts any liabilities for any loss or damage of any kind arising out of any information in this article nor for any actions taken in reliance thereon.

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