NITYA Insight I 52nd GST Council Meeting
The GST Council (‘Council’) concluded its 52nd Meeting on October 7, 2023. The Council proposed significant changes to streamline taxation and trade facilitation.
Some important recommendations include taxation of Personal / Corporate Guarantees provided by Directors / Related Persons, taxability of ENA used in manufacture of liquor, introduction of Amnesty Scheme for delay in filing of appeals, eligibility of Advocates for appointment as Judicial Members to GSTAT etc.
Further, the Council has proposed to issue multiple Circulars for clarifying issues like place of supply of certain services, receipt of export services in Special INR Vostro Account etc.
Click on the below link to read our booklet ‘NITYA Insight | 52nd GST Council Meeting’ containing our insight on various recommendations of GST Council.
Hope you find this an interesting read! Please feel free to share your comments / feedback.