49th GST Council Meeting
On 18th February, 2023, the 49th Goods and Services Tax (GST) Council Meeting was held in New Delhi.
Major Outcomes of the Meeting
- GST Appellate Tribunal: Recommendations of Group of Ministers (‘GoM’) on setting up of GST Appellate Tribunal have been accepted with certain amendments.
- GST Compensation to States: Government of India has decided to clear the entire pending balance GST compensation of INR 16982 crore for June 2022.
- Revocation of Cancellation of Registration: The time limit for making an application for revocation of cancellation of registration is to be increased from 30 days to 90 days, further extendable for the period ....
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