53rd GST Council Meeting Recommendations - Analysis of the Important Changes

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  • Опубликовано: 5 дек 2024
  • This video Analyses -
    1.ITC u/s 16(4) relief - 30/11/2021 becomes the new time limit for ITC pertaining to FY 17-18, 18-19 & 19-20
    2.ITC on RCM on date of current invoice - for past years too
    3.Waiver of interest and penalties on demand notices u/s 73 for FY 17-18, 18-19 & 19-20 in certain cases
    4.No interest if Cash Ledger balances available while late filing of GSTR-3B
    5.No ITC reversal required for Post Sale Discount COmmercial CNs
    6.Clarification in respect of Warranty/ Extended Warranty provided by Manufacturers to the endcustomers
    7.10% predeposit for appeal GSTAT filing; date of 'entering office'
    8.Threhold for Dept for filing appeal
    9.Changes to GST Returns
    10.GST on Corporate guarantees
    11 Pre deposit payment vide DRC-03 acceptable
    12.Other important issues
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Комментарии • 7

  • @baibabhgutgutia4116
    @baibabhgutgutia4116 5 месяцев назад +1

    Thanks Sir for the insightful analysis of the Recommendations

  • @lookingsid
    @lookingsid 5 месяцев назад +1

    Nicely explained Vivekji 👍

  • @mihirarya9696
    @mihirarya9696 5 месяцев назад +1

    Nice Explanation Sir

  • @tarunsinghbhadouria5861
    @tarunsinghbhadouria5861 5 месяцев назад +1

    Great analysis sir

  • @tipsntricksguru
    @tipsntricksguru 5 месяцев назад +1

    If 73 demand is only for interest will it be waived off?

    • @Tax_Connect
      @Tax_Connect  5 месяцев назад

      Generally only interest and only penalty cases are not covered in such amnesty schemes. Tax payemnt is a must

  • @Jamesdevassy
    @Jamesdevassy 5 месяцев назад

    Stop the GST●●