Union finance minister
Nirmala Sitharaman
in address following the 53rd
GST council
meeting on Saturday said that there will bea biometric-based Aadhaar authentication on an all-India basis. "This will help us to combat fraudulent input tax credit claims made through fake invoices in the cases," said Sitharaman.
The Union minister also said that in order in order to help small taxpayers, the council has recommended that deadline to furnish detail and returns in form GSTR 4 will be extended to 30th June.
This will apply for returns for the Financial Year 2024- 25 onwards.
Here are some of the key takeaways from 53rd GST council meeting:
- Waiver of interest on penalties on tax demand notice recommended by Council.
- GST Council recommends Rs 20 lakh limit for filing of appeal by Tax Authorities before Appellate Tribunal, Rs 1cr for high court, Rs 2cr for Supreme Court.
- Services provided by the Indian Railways to common man, sale of platform tickets, facility of retiring rooms and waiting rooms, battery operated car services are being exempted from GST. Further intra-railway supplies are also being exempted.
- GST Council recommends a uniform rate of 12 pc on all milk cans. They have a standard shape so that will determine what is a milk can and what is not. The council has also recommended to prescribe a uniform GST rate of 12 per cent on all carton boxes and cases.
- GST Council exempts services by way of hostel accommodation outside educational institutions to tune of Rs 20,000/person per month.
Article From:
timesofindia.indiatimes.com
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