GST Council approves rules, rate fitments, lottery tax split, e Way Bill approach, return extensions and operational settlement measures. The Council adopted amendments to prior Minutes, approved draft Rules and Forms for Advance Ruling, Appeals and Revision, Assessment and Audit, e Way Bill and Anti profiteering (with officer modifications), and authorised Law/Rules and search committees to finalise appointments and drafting. It fixed fitment/threshold decisions including composition levy limits for specified Special Category States, excluded certain goods from the Composition Scheme, allowed ITC on ships, set differentiated GST rates for State run (12%) and State authorised (28%) lotteries, approved Fund Settlement Rules and provisional bank authorisations, exempted small inward supplies ( Rs. 5,000/day) from reverse charge under Section 9(4), and agreed transitional return timelines with interim Form GSTR 3B and penalty waivers.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
GST Council approves rules, rate fitments, lottery tax split, e Way Bill approach, return extensions and operational settlement measures.
The Council adopted amendments to prior Minutes, approved draft Rules and Forms for Advance Ruling, Appeals and Revision, Assessment and Audit, e Way Bill and Anti profiteering (with officer modifications), and authorised Law/Rules and search committees to finalise appointments and drafting. It fixed fitment/threshold decisions including composition levy limits for specified Special Category States, excluded certain goods from the Composition Scheme, allowed ITC on ships, set differentiated GST rates for State run (12%) and State authorised (28%) lotteries, approved Fund Settlement Rules and provisional bank authorisations, exempted small inward supplies ( Rs. 5,000/day) from reverse charge under Section 9(4), and agreed transitional return timelines with interim Form GSTR 3B and penalty waivers.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
