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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Thanks Sir for the insightful analysis of the Recommendations
Nicely explained Vivekji 👍
Nice Explanation Sir
Great analysis sir
If 73 demand is only for interest will it be waived off?
Generally only interest and only penalty cases are not covered in such amnesty schemes. Tax payemnt is a must
Stop the GST●●