The GST Council’s 49th meeting was held in Delhi on February 18, 2023, under the chairmanship of the Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman. The GST Council has inter-alia made the following recommendations to clarify the GST rates:
- It has been decided that no separate IGST shall be levied on tag-tracking or data logger devices in case where such devices are already affixed on the container.
- It has been decided to amend the entry at Sl. No. 41A of Notification No. 1/2017-Compensation Cess (Rate) so that the exemption benefit covers both
a) coal rejects supplied to and
b) by a coal washery,
arising out of coal on which compensation cess has been paid and no input tax credit thereof has been availed by any person
Source a2ztaxcorp
Latest Posts in "India"
- Meghalaya Extends VAT Exemption on Fruit Wine to 10 Years, Boosting Local Wine Industry
- Allahabad HC: Arbitrary GST Registration Cancellations Without Reasons Amount to ‘Economic Death’ for Businesses
- Chennai Fake GST Invoice Racket Busted; ₹350 Crore Evasion Suspected, Prime Accused Arrested
- Overpaid GST: Rectification or Refund? Understanding When to Adjust and When to Claim Refund
- Insurance Brokers Push for Zero-Rated GST to Restore Input Tax Credit and Prevent Premium Hikes














