Key Recommendations made by 53rd GST Council Meeting:

Recommendations made by GST Council:

• Waiver of interest and penalty on demand notices issued under Section 73 for the financial years 17-18, 18-19, and 19-20. (Applicable in cases if all taxes are paid by March 2025).
• The deadline for claiming input tax credit on any invoice or debit note filed under section 16(4) of the CGST Act filed up to 30-11-2021 for the financial years 2017-18, 2018-19, 2019-20 and 2020-21 can be taken as 30-11-2021.
• The monetary limit for filing an appeal by the tax department is Rs.20 lakh for GSTAT, Rs.1 Crore for High Court and Rs.2 Crore for Supreme Court.
• The maximum amount of pre-deposit for filing an appeal before the appellate authority has been reduced from Rs.25 crores to Rs.20 crores for both CGST and SGST.
• The amendment to the law states that the time limit for submitting an appeal before the tribunal will begin on the date the government notifies GSTAT.
• ⁠Extension of due date to file GSTR-4 till 30th June.
• Interest will not be imposed on the amount accessible in the cash ledger at the time of filing GSTR-3B.
• Introduction of a new Form GSTR 1A to allow for GSTR 1 corrections. It will be possible to file it before submitting GSTR-3B.
• Biometric-based Aadhar authentication will be implemented in a phased manner across PAN- India.

• 12% tax rate imposed for Milk Can.
• A uniform GST rate of 12% on all Carton boxes.
• It is clarified that on all types of sprinklers 12% of the tax rate will be levied and past practice to be as is.
• Solar cases attract a 12% GST rate.
• Exemption on Services by railways, Platform tickets and Other services.
• Service of hostel accommodation outside of Educational Institutions made exempt with conditions.