Recommendations of 53rd GST Council Meeting held on 22.06.2024presided by Hon’ble Finance Minister Nirmala Sitharaman

[Vivek Jalan]

1. While there were a lot of Agenda Items, yet due to the meeting being only for half day, hence there were ready agenda items which will be taken up in the next meeting.

2. Next GST Council meeting expected to be held in middle of August

3. Many items on Easing Tax Compliances

4. Waiver of interest and penalties on demand notices u/s 73 (cases not involving fraud) for FY 17-18, 18-19 & 19-20. Applicable in cases where demand Paid by 31.3.2025.

5. ITC u/s 16(4) relief - 30/11/2021 becomes the new time limit for ITC pertaining to FY 17-18, 18-19 & 19-20.

6. In Order to reduce Govt litigation, appeal shall not be filed by the GST Department, in case the demand does not exceeds the followings:

A. Rs.20L for GSTAT

B. Rs.1 Cr for High Court

C. Rs.2 Cr for Supreme Court

7. Maximum amt of pre-deposit for filing appeal shall be reduced from Rs.50 Crores (CGST+SGST) to 40 Crores (CGST+SGST)

8. Pre-deposit for filing appeal before GSTAT reduced from 20% to 10% and pre-deposit for filing appeal shall be reduced to Rs. 40 Crs (C+S)

9. 3 month period for filing appeal before GSTAT shall start from a day which will be notified

10. GSTR-4 (Rerun for Composition taxpayers) time limit for filing extended from 30th April to 30th June - FY 2024-25 onwards.

11. No interest on Cash Ledger balances available at the time of Debit -Retrospective eƯect.

12. New functionality introduced in Form GSTR-1A which shall be available to add any particulars missed in GSTR-1 before filing GSTR-3B.

13. All India Bio-metric based Aadhar authentication on all India basis - to combat fake ITC.

14. Clarifications issued by fitment committee

A. Uniform rate of 12% on all milk cans (steel, plastic,etc) irrrespective of use

B. Uniform rate of 12% on all carton boxes and cases of corrugated and non-corrugated paper. Will benefit apple growers of HP & JK.

C. All types of sprinklers including fire-water sprinklers

D. Solar Cookers - 12% - whether it has single or dual energy sores

E. Services by Indian railway to common man - platform ticket, waiting rooms, etc are exempted.

F. Services by way of Hostel accommodation outside an educational institute having charges of Rs. 20,000 per month per person, provided it is continuously occupied for 90 days are now made exempt.

15. Rate rationalisation - Charge to Dy CM of Bihar - Mr Samrat Chaudhary