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Highlights of 43rd GST Council meeting

Recommendations of 43rd GST Council meeting

  • COVID-19 related medical goods including Amphotericin B for free distribution given full exemption from IGST upto 31.08.2021
  • Custom duty exemption also given to Amphotericin B
  • Amnesty Scheme to provide relief to taxpayers regarding late fee for pending returns ; Late fee also rationalised for future tax periods
  • Simplification of Annual Return for Financial Year 2020-21

Source Taxguru

See also Detailed Analysis of outcome of 43rd GST Council Meeting

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