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Key Recommendations of 45th GST Council meeting

  • Measures for Trade facilitation:
    • Relaxation in the requirement of filing FORM GST ITC-04
  • Interest on liability:
  • Transfer of unutilized CGST and IGST cash ledger balance
  • Measures for streamlining compliances in GST
  • Clarification in relation to GST rate on Goods
  • Clarification in relation to GST rate on services

Source Taxguru

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