On 21st December 2024, 55th GST Council meeting provided for some significant amendments in the GST law. Major recommendations of the GST Council discussed in this video are as follows:
• IMS – legal framework and CN output reversal
• ITC denial on renting to negate Safari SC judgement
• Pre-deposit for detention matters
• New Track and trace mechanism for evasion oriented goods
• Taxability of vouchers
• ITC on goods delivered at supplier’s location
• Late fees on 9C and past period’s waiver
• Address on record for online services
• Important rate amendment / clarifications
#55thGSTCouncil #Recommendations
Speaker:
Shubham Khaitan [B.Com (Hons), FCA, LLB, ACS, CFA(US), DISA (ICAI)]
T: +919831912725
E: shubham@cakhaitan.com
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