Highlights Of 53rd GST Council Meeting | Measures To Facilitate Trade And Related To Procedure
The most awaited 53rd GST Council meeting has held on June 22, 2024 and was chaired by the Hon’ble Finance Minister. Ths GST Council meeting aimed to enhance trade, simplify business operations, and enhance GST compliance. The GST Council has recommended a series of amendments and clarifications including: The GST Council recommendation belonged to following groups: This article discusses measures recommended for facilitation of trade and measures related to procedure and law. 1. Measures For Facilitation Of Trade: 1.1 Waiver of Interest and Penalty determined under form DRC-07: 1.2 Extended time limit to avail ITC, amendment in Section 16(4) of