GST Council Meet Outcome | More Focus On Ease Of Doing Business? Mahesh Jaising & Pratik Jain

GST Council Meet Outcome: FM Sitharaman said that the council took decisions related to trade facilitation and provide relief to tax-payers. The next GST meet will be held post budget session of the Parliament. Responding to a question on GST relief for online gaming companies, Sitharaman said that the council didn't discuss the matter as it was not on the agenda.
Key Takeaways: Analysis
Could not take up some agenda points due to paucity of time
Next GST Council meeting should happen in mid-August
Lots of decisions taken to ease compliance burdens
Decision to waive interest and penalties for demand notices u/s 73 of GST ACT
Applicable in cases where tax payers pays full tax demand by 31.3.2025
GST council has decided to waving interest and penalties notices for FY18 to FY21
Also recommended that the time limit to avail input tax credit for FY18 to FY21 may be deemed
Time limit to file GSTR4 to be extended to June 30 from 30th April to help small tax payers
Pre-deposit for filing appeals to be brought down
Council has decided for the insertion of functionality in form GSTR-1A
Pan India authentication has been approved on the basis of biometric Aadhar
Will roll out biometric based Aadhaar authentication on all India basis in phased manner
Uniform 12% GST rate for all type of milk cans
It has been clarified that all types of sprinklers will attract 12% GST
Uniform 12% GST rate has been approved for all kind of carton boxes
Hostels outside educational institutions will be exempted from GST
To exempt hostel accommodation from GST up to Rs 20,000 per person per month
Hostels within educational institutions are already exempted from GST
Condition applicable for stay of over 90 continuous days
GST Council recommended 12% GST on all solar cooker
Deputy CM of Bihar Samrat Choudhary will be chairman of GOM in rate rationalisation
Issue related to GST on online gaming was not on agenda for today; wasn't discussed in meeting today
GOM on online gaming will submit a status report on rate rationalisation

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