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GST Council Meet decisions - 28th June 2022: Sources

1. GST Council decides to ease compliance for taxpayers.

2. Council decides to waive requirement for filling refund claims by condoning the 2 yr COVID period between 1st March 2020 till 28th Feb 2022.

3. Council decides to permit tax authorities to file appeals against erroneous refund by not considering the 2 years period.

4. Council decides to extend timeline for filing GSTR 4 for FY22 without late fees by composition dealers likely to be extended to 28th July; earlier deadline was 30th June.

5. Council agrees to extend due date of filing of FORM GST CMP-08 for composition taxpayers for Q1 of FY23 from 18 July to 30 July.

6. Council agrees to amend Rules to ease procedure for filing of refund claim w.r.t export of electricity.

7. GSTC allows for money in E-credit & E-cash ledgers to be used to pay output tax dues in returns.

8. Amounts available in E-credit & E-cash ledgers cannot be used to pay penalty, interest or fees.

9. Auto-populations of GSTR3B & annual returns to be allowed for better compliance.

10. New return filling system to be withdrawn, no longer relevant.

11. GSTC took up a comprehensive review of national anti-profiteering authority.

12. GSTC told that solicitor general to defend NAA in cases where its constitutional validity is challenged. 13. GSTC agree to ease refund claims process under inverted duty structure for selec.......
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Author:

TaxReply


Jun 28, 2022

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Nice
By: Katpally Arun Reddy
Jun 28, 2022


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