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| Name | Recommendations of the 53rd GST Council meeting |
| Video Uploader | Video From Shubham Khaitan |
| Upload Date | This Video Uploaded At 23-06-2024 08:25:34 |
| Video Discription | On 22nd June 2024, 53th GST Council meeting provided for some significant amendments in the GST law. Major recommendations of the GST Council have been discussed in this video. Some of the following aspects have been covered within this: a) Waiver of interest / penalty for 17-18 to 19-20 for 73 cases b) Extension of time limit for ITC availment u/s 16(4) for 17-18 to 20-21 c) Clarification on RCM ITC availment upto self-invoice date d) Pre-deposit reduction for appeal filing e) Monetary limit for department appeal f) No interest on delayed return if sufficient balance in Cash ledger g) Regularization of short tax paid due to common trade practices h) Amendment permitted in GSTR-1 through GSTR-1A i) Refund allowed on additional IGST on upward price revision in exports j) Biometric based Aadhaar authentication on PAN India basis k) Reduced penalty if demand paid within 60 days of notice l) Same time limit for notices / orders u/s 73 and 74 from 2024-25 #53thGSTCouncil #Recommendations Speaker: Shubham Khaitan [B.Com (Hons), FCA, LLB, ACS, CFA(US), DISA (ICAI)] T: +919831912725 E: shubham@cakhaitan.com Linkedin: https://www.linkedin.com/in/shubham-khaitan-5a687064/ Facebook: https://www.facebook.com/shubham.khaitan.50 Youtube : https://www.youtube.com/channel/UCU4QQj5MOuds0YR1REXzSTA |
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