GST Council approved model law sections with changes on input-credit reversal, refunds, record-keeping, provisional assessment, and arrest thresholds. The Council adopted amendments to earlier minutes and approved Sections 47-99 of the draft Model GST law subject to specified changes: replace 'Tax Return Preparer' with 'GST Practitioner'; reduce unjust-enrichment self-certification refund threshold to Rs. 2 lakh or Council-determined amount; apply a six-month payment rule for reversal of input tax credit to goods and services; expand record-keeping to include transporters and godown operators; increase retention of accounts to six years; clarify aggregators as electronic commerce operators for TCS; limit Commissioner's provisional-assessment extension to four years; delete CAG information-power provision; increase appellate pre-deposit to 20%; and redraft arrest provisions with specified monetary thresholds and safeguards.
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Provisions expressly mentioned in the judgment/order text.
GST Council approved model law sections with changes on input-credit reversal, refunds, record-keeping, provisional assessment, and arrest thresholds.
The Council adopted amendments to earlier minutes and approved Sections 47-99 of the draft Model GST law subject to specified changes: replace 'Tax Return Preparer' with 'GST Practitioner'; reduce unjust-enrichment self-certification refund threshold to Rs. 2 lakh or Council-determined amount; apply a six-month payment rule for reversal of input tax credit to goods and services; expand record-keeping to include transporters and godown operators; increase retention of accounts to six years; clarify aggregators as electronic commerce operators for TCS; limit Commissioner's provisional-assessment extension to four years; delete CAG information-power provision; increase appellate pre-deposit to 20%; and redraft arrest provisions with specified monetary thresholds and safeguards.
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